Business Summary
|
GBS Gold International Inc. (GBS Gold) is a gold producer with 2.4 million ounces (Moz) of measured and indicated resources, and 1.6Moz of inferred resources of gold at its Union Reefs operations centre located in the Northern Territory of Australia (Union Reefs Operations Centre). The Company produces gold at its 2.5 million tons per annum (Mtpa) Union Reefs processing plant (the Union Reefs Plant). During the year ended December 31, 2007, GBS Gold produced 91,186 ounces of gold, of which total production from the commencement of commercial production on April 1, 2007, was 80,092 ounces of gold. During 2007, ore was sourced from the Rising Tide and Fountain Head open pits, and from the high-grade Brocks Creek underground mine and nearby historic stockpiles. On July 25, 2007, the Company acquired the Tom’s Gully mine assets from Australian company Renison Consolidated Mines NL.
| | (Source: ARS)
|
|
|
