Allied Gold Mining (LON:ALD) - 2012 production outlook

Tuesday, May 29 2012 by

May 29th 2012 - Edison Investment Research today published a report on Allied Gold Mining (ALD.L, LSE:ALD, LON:ALD) entitled "2012 Production Outlook". In summary, the report says:

Allied’s Q112 production results are a positive step towards realising 2012’s 180koz gold production target. In general, production was up (9.4% q-o-q) and gross cash costs were down (11% q-o-q). The completion of the works to expand the oxide plant to a 3.5Mtpa throughput (due Q312) and conversion from diesel to heavy fuel oil power (due mid-2012) should help bring production up and unit costs down further. We forecast ALD’s 2012 EPS potential at 46.3c (28.2p).

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