Phu Bia Mining Continues Impressive Production

Source: KPL

PanAust Limited, Phu Bia Mining’s parent company, has reported continued high-performance production outcomes for the Phu Kham Copper-Gold and Ban Houayxai Gold-Silver Operations in its quarterly report for the three months to Jun 30, 2017.

The Phu Kham Copper-Gold Operation produced 24,209 tonnes (t) of copper in concentrate at a C1i cost of US$1.05/lb after precious metal credits from 20,609 ounces (oz) gold and 167,932 oz silver. An all-in sustaining costs (ASIC) of US$1.46/lb copper was achieved.

The Ban Houayxai Gold-Silver Operation recorded production of 30,577oz gold and 190,451 oz silver at a C1 cost of US$586/oz after silver credits. An AISC of US$777/oz gold was achieved.

During the quarter, the annual International Financial Corporation (IFC) audit of Phu Kham and Ban Houayxai confirmed the operations compliance with the IFC Performance Standards on Social and Environmental Sustainability.

Phu Bia Mining Chairman, Mr Chanpheng Bounnaphol said the company will focus on delivering exceptional full-year business outcomes and value to its stakeholders by pursuing its ‘whole-of-business’ philosophy.

“To deliver another strong year in 2017, the company will continue to demonstrate its commitment to excellence and leading practice in all its business endeavours, including health and safety outcomes, operating activities, community development initiatives, environmental stewardship and employee engagement,” Mr Bounnaphol said.

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