Following on from the revised operational production plan for 2004, which takes into account the extension of full scale mining operations at Myaly and the subsequent increase in gold recovery at Central Mukur, the Board is pleased to announce that it has exceeded previous operational production and gold sales previously achieved by the Company to date.
The current gold production to date of 27,072 ounces and gold sales to date of 26,070 ounces has exceeded the previous year's annual operational gold production and sales. Annualised gold production and sales for 2003 were 25,332 ounces and 25,951 ounces respectively.
Commenting on this achievement Mr Baltabek Mukashev, President and CEO reconfirmed the Company's commitment to continue to increase gold production cost effectively by investing in technology and improving the efficiency of our mining operations.
The Company has successfully demonstrated the application of technology and improving the efficiency of the mining operations with a 24.5% improvement in gold recovery from the new crushing and agglomeration complex at Central Mukur.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
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