Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: PGI
Latest Price: A$0.15  (3.45% Ascending)
52-week High: A$0.20
52-week Low: A$0.13
Market Cap: A$96.04M
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PanTerra Gold
panterragold.com/site

PanTerra Gold (ASX: PGI), formally known as EnviroGold, is a near term gold producer at its Las Lagunas project in the Dominican Republic with construction scheduled for completion in December 2011. The project has an expected life of seven years at an annual production rate of 65,000 ounces of gold and 600,000 ounces of silver.

 

PanTerra Gold is also active in Ecuador with the advanced Azuay Gold Mining project and the San Gerardo Gold Mining prospect. At the Azuay project, construction is targeted to commence in mid 2012.

Pdf

Panterra Gold: gold production from tailings dam moves closer at Las Lagunas

18th Nov 2011, 3:34 am

Near term gold producer Panterra Gold (ASX: PGI), formally EnviroGold, is continuing to advance the company's Las Lagunas gold tailings project in the Dominican Republic, and has updated the market on the company's progress.

The current timeline has mining of the tailings dam commencing next month, with the outstanding elements including the CIL plant and tailings thickener forecast to be completed in January 2012.

The next step is initial plant feed in February/March 2012.

Brian Johnson, executive chairman, has recently been involved in a detailed review of construction progress and said that authorities have advised permanent power will be connected to the site mid next month.

This will then allow progressive commissioning of completed elements of the process plant, including the oxygen plant, Albion oxidation circuit, and limestone mill which constitute approximately 50% of the construction elements.

Johnson added that the refining of the gold/silver doré produced at the mine will be undertaken at Johnson Matthey’s Toronto refinery.

Panterra will look to make the first gold and silver pour towards the end of the March quarter 2012, with annual production forecast at around 65,000 gold ounces and 600,000 silver ounces.

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