Panterra Gold Limited (ASX: PGI) – $0.095

30 Jun 2016

Panterra Gold Limited (ASX: PGI) has added 12,200 ounces of gold to its existing hedging program that will be delivered over the next 12 months at an average price of US$1,327 per ounce of gold.


The company has 9,450 ounces of gold from the initial 25,000 ounce hedge program remaining to be delivered over the next 12 months at an average price of US$1,100 per ounce of gold.


The combined outstanding hedge deliveries represent approximately 45% of forecast gold production from the Las Lagunas Project over the next 12 months.


The 100% owned Las Lagunas Project (Figure 1) involves the reprocessing of high grade gold and silver refractory tailings from the Pueblo Viejo Mine located approximately 105km north of Santo Domingo in the Dominican Republic.


PGI La Lagunas Au

Figure 1. Las Lagunas Albion/Carbon In Leach Process Plant



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