G-Resources Group Limited reported operating results for the second quarter of 2014. For the quarter, the production was 70,135 ounces of gold and 530,918 ounces of silver compared to 64,802 ounces of gold and 515,617 ounces of silver respectively in the prior quarter. 70,135 ounces of gold poured for the quarter. This brings the half year to 134,937 ounces, which is equivalent to an annualized production of 270,000 ounces, exceeding current guidance of 230,000 to 250,000 ounces. 530,918 ounces of silver poured for the quarter and 1,046,535 ounces for the half year, which is equivalent to an annualized production of over 2 million ounces, meeting current guidance. Gold and silver revenue received from sales of $102 million.

The company considers that it will achieve the upper end of the prior guidance for 2014, i.e. 250,000 ounces of gold. Silver guidance at 2 million ounces remains unchanged. Exploration expenditures are expected to be reduced slightly from $17 million to approximately $15 million, whilst capital expenditure is estimated to be approximately $60 million - this includes some minor land acquisition costs and lifts for the tailings storage facility. The installation of a secondary crushing facility to bring plant throughput capacity to around 5 mtpa, is now not anticipated to occur until the first half of 2015.