CAPITAL MARKETS

SOG posts 131,747oz first-quarter gold output

SONS of Gwalia has reported a tough September quarter with its gold division in Western Australia suffering high cash costs and its tantalum business hit by the global slowdown, leading to lower sales.

Michael Quinn
SOG posts 131,747oz first-quarter gold output

As a result the company said first-half and full-year earnings were unlikely to meet expectations. Gold production came in at 131,747 ounces at cash costs of $478 an ounce, with the gold sold for $595/oz....

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