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Additional information
Additional Information
Market: AIM / ASX
Sector: General Mining - Gold
Epic: NGL / NGX
News: Latest news
Web Site: Norseman Gold
Other Articles: 24-02-201028-01-201022-01-2010

Norseman Gold

Norseman Gold Plc operates Australia’s longest continuously running gold mining operation, which has produced over 5.5 million ounces of gold over a period of more than 65 years from the Norseman field in Western Australia.

In addition to the two producing high-grade underground gold mines, the Company has a portfolio of highly perspective, advanced exploration targets to support continued future production.  The Company has a strong management team with extensive experience in the resource, as well as considerable knowledge in corporate and strategic planning, acquisitions and finance.

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Thursday, November 20, 2008

Norseman third quarter gold production slightly down, sees high costs easing

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AIM-listed Australian group Norseman Gold PLC said operations have continued to produce gold at average production levels for the quarter to end-September 2008.  Cash costs per ounce have increased due to higher input costs, but they are expected to ease in the current quarter.


Total production for the quarter reached 19,007 oz from 110,556 tonnes treated, down from 21,116 oz produced in the quarter to end-June.


Norseman said the decrease was due to lower than anticipated gold grades within the airleg stopes.  Overall, the gold grade was down 19 percent however this was partially countered by an increase in throughput of 10 percent.  


Since the end of the quarter, miners have been moved to higher grade stopes and the current mine plan envisages an improving trend in the current quarter to be in line with the average grades achieved in the March and June quarters.


Regional exploration drilling continued on schedule with drilling continuing at the Lady Miller and the North Royal open pit prospects. Resource optimisation is currently being undertaken on a number of resource prospects.

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