JOHANNESBURG (miningweekly.com) – Gold producer PanTerra has maintained its operating profit guidance of $20-million for 2016, despite saying on Friday that a planned maintenance shutdown at its Las Lagunas mine, in the Dominican Republic, would lower its production in June.
The planned maintenance shutdown in one of the two oxygen plant trains would lead to reduced throughput for a period of ten days, the Australia-based company elaborated.
PanTerra reported that the mine had produced 4 260 oz of gold in May, which was well above its targeted output of about 3 600 oz.
The company added that investigations into future business opportunities to extend the group’s operations were also under way.