Australian Overview
Our value lies beneath the surface. In 2008, we acquired two fully-permitted underground gold mines in the historic Victorian Goldfields. Both Fosterville and Stawell have become a significant part of our future and will bring value to the surface by generating more than half of our gold production in 2009.
With 21 open pits previously mined on the Fosterville mining lease, there is excellent exploration potential underground to add to the current reserve.
Stawell is backed by a 25+ year history of modern day operation, with an experienced and knowledgeable workforce who are dedicated to provide solid gold production and continued exploration success for many more years.
219,000
ounces of gold projected in 2009
90%
average gold recovery expected in 2009
$8.2 million
exploration budget in support of mine life extensions