Hot Mining Stocks PanAust (PNA)

PanAust PNA ASXPanAust (PNA) is junior miner that holds mineral assets in the Laos and Thailand.  The group was also one of hot stocks in 2010, surging over 50% during the year.

In Laos, PanAust operates the large Phu Kham copper-gold operation, which commenced production of copper-gold concentrate in April 2008.

On 24 January, PNA reported record copper production of 18.871 tonnes for the 4Q10, up 11.5% from the previous quarter.

Copper production was driven by increased recovery rates and above average head grades at PNA’s Phu-Kham operation in Laos.

Gold output increased by 23.7% from the previous quarter, while cash costs declined from US$1.01 to US$0.76.

PNA expects strong mining and production performances to result in 2011 copper production of 62,000 – 65,000 tonnes at an average cash cost of US$0.95 – US$1.05 a pound.

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