Allied Gold Mining (LON:ALD) - 220,000oz in sight
Sep 30th 2011 - Edison Investment Research today published a report on Allied Gold Mining (ALD.L, LSE:ALD, LON:ALD) entitled "220,000oz In Sight". In summary, the report says:
Allied Gold Mining continues to ramp up oxide gold production at Simberi (c 65koz Au forecast for FY11) and Gold Ridge (c 40koz Au by end FY11). This, together with ALD’s focus to reduce operating costs (conversion to HFO power at Simberi is underway), provides a strong foundation on which to potentially develop Simberi’s large untapped sulphide gold resource and push group level production to c 320,000koz pa by 2015, successful execution of which is not yet reflected in the share price.
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