CAPITAL MARKETS

Allied flags increased production

ALLIED Gold shares closed up 10% yesterday after it announced thick, high-grade intersections at the Sorowar deposit of its Simberi project in Papua New Guinea, with the company now confident of both increased reserves and production.

Rebecca Keenan

Allied flags increased production

The drilling was testing the southern end of the deposit for extensions and returned best hits including 45m grading 6.26 grams per tonne gold from 37m, 37m at 3.15gpt gold from 65m and 20m at 4.01gpt...

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