CHILE GOLD MINE MERIDIAN PRODUCES RECORD GOLD OUTPUT

Meridian Gold produces

80,300 oz of pure gold in quarter

TORONTO, July 6 (Reuters) – Meridian Gold Inc. MNG.TO said on Friday its second-quarter production was 80,300 ounces of gold, as production at the company’s El Penon mine in Chile topped internal projections by 13 percent.

The company, target of a takeover proposal led by Yamana Gold (YRI.TO), also produced 2.3 million ounces of silver and 870 tonnes of zinc, it said.

Meridian’s Rossi/Storm mine in Nevada, a joint venture with Barrick Gold Corp. (ABX.TO), produced its first gold during the quarter, and is on track to start full production in the third quarter, Meridian said.

Sourced & published by Henry Sapiecha

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