CAPITAL MARKETS

Perseverance falls short

GOLD miner Perseverance has fallen about 10,000 ounces short of its 2005-06 financial year target as lower-grade transition ore takes its toll at its Fosterville operations in Victoria.

Ben Sharples
Perseverance falls short

Perseverance produced 18,414oz for the June quarter, down on the previous quarter’s output of 24,500oz, while cash costs crept up marginally on quarter to $A463 per ounce from $460/oz. Total production...

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