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IGO LIMITED — Earnings Release 2015
Apr 9, 2015
65111_rns_2015-04-09_1ae2b870-0965-4f01-9173-47d9c9506920.pdf
Earnings Release
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10 April 2015
MARCH 2015 QUARTER PRODUCTION RESULTS
Independence Group NL (“IGO” or the “Company”) is pleased to announce production results for the quarter ended 31 March 2015 (Q3 FY2015) at its Tropicana (IGO 30% interest), Long and Jaguar operations. IGO advises that production at each operation for the quarter and year to date (YTD) meets FY2015 guidance[(1)] on an annualised basis.
“All three operations are maintaining good and steady production and are expected to meet or better our guidance for the full year, which was revised upwards in our announcement of 18 February 2015” IGO’s Managing Director, Peter Bradford said.
The Company will include Q3 FY2015 costs per unit of production in its March 2015 Quarterly Report. The preliminary production results for the March 2015 Quarter and YTD are set out below:
| Mining Operation | Units | Actual | Actual | Guidance Range(1) | Guidance Range(1) |
|---|---|---|---|---|---|
| Q3 FY2015 | YTD | YTD | Full Year(1) | ||
| Tropicana (IGO 30%) | |||||
| Gold (100% basis) | ounces | 122,953 | 380,495 | 360,000 to 382,500 | 480,000 to 510,000 |
| Gold (IGO’s 30% share) | ounces | 36,886 | 114,149 | 108,000 to 114,750 | 144,000 to 153,000 |
| Long | |||||
| Nickel (contained metal) | tonnes | 2,736 | 7,860 | 7,125 to 7,875 | 9,500 to 10,500 |
| Jaguar | |||||
| Zinc in concentrate | tonnes | 9,406 | 34,778 | 33,000 to 36,000 | 44,000 to 48,000 |
| Copper in concentrate | tonnes | 1,123 | 5,931 | 5,250 to 6,000 | 7,000 to 8,000 |
(1) – See announcement dated 18 February 2015 entitled “Half-Year Report, Interim Dividend and Upgraded FY2015 Guidance”.
Completion of planned maintenance shutdown at Jaguar during Quarter
As communicated on 4 February 2015, the planned shutdown at Jaguar processing plant was completed without incident and ahead of schedule. During the shutdown period, mining continued and ore stockpiles built up which has allowed the processing plant to be operated at full capacity since then. The timely completion of the shutdown and the improved throughput rates since the shutdown have contributed to the better than expected production performance at Jaguar for this period.
For further information contact : Peter Bradford Tony Walsh Managing Director Company Secretary/General Manager Corporate Independence Group NL Independence Group NL Telephone: 08 9238 8300 Telephone: 08 9238 8300
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