Preliminary Operating Results


 

TIDMKZG 
 
RNS Number : 2571G 
KazakhGold Group Ltd 
28 January 2010 
 

KazakhGold Group Limited releases its preliminary operating results for August 
-December 2009. 
 
 
In the period under review KazakhGold Group Limited and its subsidiaries (the 
"Group") produced 30.3 k oz (941 kg) of gold in a form of sludge, flotation and 
gravitation concentrates and other semi-products. 
 
 
In August-December 2009 the volume of total rock moved at the Group's production 
units and projects amounted to 232.6 thousand cubic meters, out of which 197.2 
thousand cubic meters were related to stripping. Total rock moved is given only 
for open-pit mining. In the reporting period the Group mined 432.1 thousand 
tonnes of ore both from open-pit and underground operations. The average grade 
of the ore mined was equal to 3.04 g/t. 
 
 
Ore processing in the period under review amounted to 432.1 thousand tonnes, out 
of which 243.4 thousand tons were processed at the refining plants and the rest 
at the heap leaching facilities. 
 
 
In the last five months of 2009 Zholymbet mine produced 12.1 k oz (375.8 kg) of 
gold, which represents 40% of total production of the Group. Bestobe mine 
produced 10.9 k oz (338.3 kg) of gold, or 36% of total output. Another 7.3 k oz 
(227.1 kg) were produced at Aksu. 
 
 
By type of the semi-product the breakdown of the production was the following: 
10.4 k oz of gold was in sludge, 9.1 k oz in quartzite ore, 3.6 k oz and 2.8 k 
oz in flotation and gravitation concentrate, respectively, with the rest in 
other semi-products. 
 
 
During the last five months of 2009 the Group sold 29.4 k oz of gold, resulting 
in revenues for the Group of USD 26.2 million. The gold was sold to the 
following destinations: Russia (ZAO Karabashmed), Switzerland (Metalor 
Technologies) and China. 
 
 According to preliminary estimates, total 
capital expenditures in 2009 amounted to approximately USD 6.6 million 
(including exploration). 
 
During this period the upgrading of underground mine equipment was underway at 
all mines, as well as repair works at the mills. At Zholymbet, the construction 
of hypochlorite preparation and tailings neutralization workshops, as well as 
oxygen station of the plant, was completed. In addition, capital and maintenance 
repair works at the production workshops, administration building, and the 
industrial area of the mine were carried out. 
 
 
Production at the heap leaching complexes at Aksu and Bestobe was resumed. 
 
 
Capital repair of the Ventilyatsionnaya shaft at Bestobe was completed; the 
sludge line was reconstructed; water cleaning system was installed to ensure the 
stable supply of drinking water; and capital repair of administration complex 
was carried out. 
 
 
At Aksu, modernization at shafts No 39-40 was done and operations resumed; and 
capital repair of the administration complex at shaft No40 was done. In 
addition, capital and maintenance repair works at a number of production and 
administration facilities were carried out. 
 
 
 
Preliminary operating results 
 
 
 
 
+--------------------------------------------+------------------+ 
| Item                                       | Aug - Dec 2009   | 
+--------------------------------------------+------------------+ 
| Total rock moved (thou m³)                 |              233 | 
+--------------------------------------------+------------------+ 
| including stripping                        |              197 | 
+--------------------------------------------+------------------+ 
| Ore mined (thou tonnes)                    |              432 | 
+--------------------------------------------+------------------+ 
| Av. grade in ore mined (g/t)               |                3 | 
+--------------------------------------------+------------------+ 
| Gold content (kg)                          |            1 313 | 
+--------------------------------------------+------------------+ 
| Ore processing (thou tonnes), including    |              432 | 
+--------------------------------------------+------------------+ 
| at mill                                    |              243 | 
+--------------------------------------------+------------------+ 
| at heap leaching                           |              189 | 
+--------------------------------------------+------------------+ 
| Gold production                            |                  | 
+--------------------------------------------+------------------+ 
|     Zholymbet                              |                  | 
+--------------------------------------------+------------------+ 
|        Quartz ore                          |            4 013 | 
+--------------------------------------------+------------------+ 
|        Sludge                              |            7 272 | 
+--------------------------------------------+------------------+ 
|        Gravitation concentrate             |              624 | 
+--------------------------------------------+------------------+ 
|  Other                                     |              174 | 
+--------------------------------------------+------------------+ 
|  Total Zholymbet gold production           |           12 083 | 
+--------------------------------------------+------------------+ 
|  Aksu                                      |                  | 
+--------------------------------------------+------------------+ 
|        Quartz ore                          |            1 504 | 
+--------------------------------------------+------------------+ 
|        Sludge                              |            3 100 | 
+--------------------------------------------+------------------+ 
|        Gravitation concentrate             |            2 187 | 
+--------------------------------------------+------------------+ 
|  Other                                     |              510 | 
+--------------------------------------------+------------------+ 
| Total Aksu gold production                 |            7 301 | 
+--------------------------------------------+------------------+ 
| Bestobe                                    |                  | 
+--------------------------------------------+------------------+ 
|        Quartz ore                          |            3 596 | 
+--------------------------------------------+------------------+ 
|        Slime                               |            2 182 | 
+--------------------------------------------+------------------+ 
|        Flotation concentrate               |            3 621 | 
+--------------------------------------------+------------------+ 
|  Other                                     |            1 477 | 
+--------------------------------------------+------------------+ 
| Total Bestobe gold production              |           10 876 | 
+--------------------------------------------+------------------+ 
| Total Gold production                      |           30 260 | 
+--------------------------------------------+------------------+ 
| Gold sales, kg/k oz                        |         913 / 29 | 
+--------------------------------------------+------------------+ 
| Revenues, $M/tenge billion                 |       26 / 3 924 | 
+--------------------------------------------+------------------+ 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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