31 October 2014
Company Announcements Office
ASX Limited
Via ASX Online
Dear Sirs
REVISED FIGURE 1 IN SEPTEMBER 2014 QUARTERLY ACTIVITIES REPORTPlease find attached a revised page 3 of the September 2014 Quarterly Activities Report lodged on 29 October 2014.
Figure 1 did not present with all details included in the original version. Yours sincerely
RA Anderson
Company Secretary
PO Box 1523 West Perth, WA 6872 Tel +61 8 9481 0051 Fax +61 8 9481 0052
www.lachlanstar.com.au
1,500
C1 Cash Costs (US$/Oz Au)C1 Cash Cost (inclusive of Process Inventory & Stockpile Adjustments/exclusive of
Royalties)
C1 All-Inclusive Cash Cost
1,000
500
-
Sep´13 Quarter Dec´13 Quarter Mar´14 Quarter Jun´14 Quarter Sep´14 Quarter
C1 Cash Cost C1 All-Inclusive Cash Cost Average Gold Sales Price (US$/Oz)
Gold production for the September quarter was 15,272 ounces, representing a 1% decrease on the previous quarter. All production was sold at spot prices, with an average sale price of US$1,280 per gold ounce.
Gold ounces stacked for the September quarter were down 6% on the previous quarter due to a 5% decrease in stacked grade, in spite of a 1% increase in open pit mine ore production, but a slightly lower plant availability resulted in a 1% reduction in tonnes stacked. CMD continues to expect increased levels of open pit ore production in the following quarter, which in addition to improved crushing and stacking performance, should result in higher gold production levels going forward.
The CMD Gold Mine Gross Operating Profit (as defined above) was a loss of US$0.07 million for the quarter (refer to Table 1 and Figure 2), continuing on a positive trend. September quarter sales were US$0.35 million lower than in the June 2014 quarter.
Figure 2 - CMD Gold Mine US$ Gross Operating Profit/(Loss): September´13, December'13, March´14, June´14 and September´14 Quarters
C1 Cash Cost, which exclude waste costs expensed or amortised and royalties, remained consistent quarter over quarter at US$779 per ounce of gold produced. For a fourth consecutive
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