Millenium on track to hit top end of annual production guidance

Company News

by Anna Napoli

Gold miner, Millenium Minerals (ASX:MOY) has announced its gold production is on track to hit the top end of its annual guidance following a strong September quarter.

The company's Nullagine gold Project in WA achieved gold production of 22 414 ounces for the quarter hitting the upper end of its guidance range.

The strong result represents a 77 per cent increase in production when compared with the June quarter.

The miner says the boost in gold production is being driven by a higher average head grade as the new Bartons mine and higher-grade open pit ore sources come on stream.

Shares in Millenium Minerals (ASX:MOY) closed 4.44 per cent lower to 21.5 cents yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.