PanAust (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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PanAust (PNA)  is junior miner that holds mineral assets in the Laos and Thailand.

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

ON 14 December, PNA increased its 2010 production guidance to 67,000 tonnes of copper, from the previous 65,000 tonnes.

Cash costs are also expected to decline to US$0.90/lb from the previous range of US$0.95/lb – US$1.05/lb.

PNA based the upgrade on strong quarter to date production at its flagship Phu Kham Copper-Gold Operation in Laos.

PanAust also forecast EBITDA of US$260 million on the assumption that production will exceed sales in the final quarter of the year.

PNA flew 10.7% on the day of its guidance, making it one of the best performers in the stock market.

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   Written by: admin   Other posts from: admin