Tiger Resources exceeds production guidance at Kipoi
Tuesday, Jan 08, 2013PERTH, Western Australia, Jan. 7, 2013 /CNW/ - Tiger Resources Limited (ASX/TSX: TGS) is pleased to announce that 2012 production at its flagship Kipoi Copper Project in the Democratic Republic of Congo was 36,962 tonnes of copper in concentrate, exceeding previous market guidance by 6%.
Operating costs are yet to be finalised and will be announced as part of the December Quarterly Report, due for release later this month.
During 2012 operations at Kipoi achieved two periods of 1,000,000 man hours lost time injury free and zero reportable environmental or social incidents.
Guidance for 2013
Tiger expects production in 2013 to be at least 37,000t Cu in concentrate, with average direct cash operating costs of 48c/lb, significantly below the guidance for 2012 of 65c/lb. Further detail will be presented in the quarterly report.
SOURCE Tiger Resources Limited