Havilah Resources makes first gold sales

Company News

by David Chau

Havilah Resources Limited (ASX:HAV) has completed the first sales of gold from its Portia mine.

The company says that it sold 5 kilograms worth of gold, totaling $266,000, after settlement costs.

This figure represents Havilah’s 50% share of gold revenue under the revenue sharing agreement with its joint venture partner, Consolidated Mining and Civil.

The company also says that future gold sales will be reported in its quarterly production reports.

Havilah reported a net loss of $838,000 at 31 January 2016.

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