Beadell Resources Limited
(ASX:BDR) said that 2014 calendar year gold sales came in a 166,000 ounces, 7 per cent lower than lower end guidance of 180,000 ounces.
The shortfall was due to a two to three week delay in the mining and processing of the very high grade Duckhead ore. Now, 8,000 ounces of gold will be pushed into January sales along with another 7000 ounces of unsold gold bullion.
The Duckhead pit soon be complete and Beadell says the new mine will contribute to lower cost gold production through 2015 with guidance of 180,000 ounces for the year.
Beadell made a net profit of $15.05 million for the first half of the 2014 calendar year.
