Lihir Gold Limited
(ASX:LGL) has reported a 27% jump in gold production in 2009 to 1.12 million ounces. Despite the increase, the company produced more than a million ounces for the first time and production still came within the previous guidance offered by Lihir.
The second largest gold miner listed on the ASX, Lihir produced the overwhelming majority of its gold from its Lihir Island project off the coast of Papua New Guinea. The company is also staking its future on the island, with the Lihir Island Million Ounce Plant upgrade proceeding on schedule and within budget.
Meanwhile the company is continuing its feasibility study on its 90% owned Bonikro operation, located in West Africa. The final assessment is due by the end of 2010.
Lihir Gold reported a profit of $157.7million for calender 2008.
