CAPITAL MARKETS

Chariot short of budget

GIANTS Reef Mining produced 11,237 ounces of gold from its Chariot operation in the Northern Territory during the June quarter, and has reported an interim 17,103oz resource at nearby Malbec West.

Sarah Belfield Belfield
Chariot short of budget

Production from Chariot was up 44% on production for the March 2004 quarter but was short of the company’s forecast of 15,000oz, largely due to a drop in gold grade to 10.8 grams per tonne from 13.9gpt....

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