VIL - Village Main Reef Limited - Quarterly production update
VIL
VIL
VIL - Village Main Reef Limited - Quarterly production update
Village Main Reef Limited
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)
(Registration number 1934/0057034/06)
Share Code: VIL
ISIN: ZAE000154761
("Village")
QUARTERLY PRODUCTION UPDATE
Village is pleased to advise that a total of 45 983 ounces of gold and 1
448 tons of antimony were produced during the September quarter. This
represents an 18.2% increase relative to the June quarter`s gold production
of 38 908 ounces and an 18.5% increase relative to the June quarter`s
antimony production of 1,222 tons. The improvement in production volumes is
mainly due to higher volumes and improved grade ore mined at mainly the
Buffelsfontein and Cons Murch Mines.
The table below provides more information of the production achieved at
each of the Village mines.
September June quarter % change
quarter
Tau Lekoa - gold oz 29 843 25 369 ? 18%
Buffelsfontein - gold oz 13 774 11 640 ? 18%
Cons Murch - gold oz 2 366 1 899 ? 25%
Cons Murch - antimony tons 1 448 1 222 ? 18%
Operational and financial details for the September quarter will be
provided in the September 2011 Quarterly Report, which is expected to be
released towards the end of November 2011.
Village CEO Bernard Swanepoel commented: "This is the first full quarter
under Village ownership and I am pleased with the team`s progress. Despite
the impact of the disruption of the restructuring process at
Buffelsfontein, we were able to increase production at all Village
operations".
6 October 2011
Sponsor
Java Capital
Investor Relations
Vestor: louise@vestor.co.za
27 (0)11 787 3015
Date: 06/10/2011 12:14:46 Produced by the JSE SENS Department.
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