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Lihir doubles half-year profit, gold output at record high

By: Esmarie Swanepoel Australian-miner Lihir Gold (LGL) has reported a record underlying profit of $154,9-million for the six months ended June 2009, a 130% increase on the prior corresponding period. The strong profit result confirmed the significant operational improvements that have been achieved at the Lihir... 

Australia’s Lihir Gold expects ’09 output to hit 1Moz

By: Esmarie Swanepoel ASX-listed gold miner Lihir Gold (LGL), which operates mines in Papua New Guinea (PNG), Côte d’Ivoire and Australia, on Thursday reported an 8% increase in interim production. LGL recorded record half-year gold output of 612 000 oz, compared with the 566 000 oz reported in the previous interim... 

Lihir Gold to sell Ballarat gold mine

By: Esmarie Swanepoel Australian gold-miner Lihir Gold on Tuesday reported that it would initiate the sale of its Ballarat gold mine, in Victoria, after a project review was recently completed. The review found that despite encouraging results from ongoing exploration in the north of the project area, the project... 

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