CAPITAL MARKETS

'Mixed fortunes' at Allied

ALLIED Gold’s total production jumped 65% year-on-year for the December quarter to 31,181 ounces while its 2011 output of 108,338oz was up 55% from 2010. But the Papua New Guinea and Solomon Island gold miner aims to hit full steam this year.

Blair Price

'Mixed fortunes' at Allied

Total December quarter production was down 13.6% from the previous quarter as Allied’s flagship Simberi mine in PNG lost 25 days of production in October due to a ball mill failure. A faulty valve...

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