Financial Wire

Kaiser Reef Reports 5,188 Ounces of Gold Production at Henty Mine in March Quarter

Kaiser Reef (ASX:KAU) said its Henty gold mine in Tasmania produced 5,188 ounces of gold and 4,810 ounces of silver in the quarter ending March 31, while its Maldon gold project in Victoria produced 346 ounces of gold over the same period, according to a Friday Australian bourse filing.The company said its closing cash position stood at AU$45.6 million at the end of the quarter.Kaiser Reef reduced its gold loan by 312 ounces of gold with a net effect of about AU$2.2 million.The company's shares fell 11% on market close.

-- Kaiser Reef (ASX:KAU) said its Henty gold mine in Tasmania produced 5,188 ounces of gold and 4,810 ounces of silver in the quarter ending March 31, while its Maldon gold project in Victoria produced 346 ounces of gold over the same period, according to a Friday Australian bourse filing.

The company said its closing cash position stood at AU$45.6 million at the end of the quarter.

Kaiser Reef reduced its gold loan by 312 ounces of gold with a net effect of about AU$2.2 million.

The company's shares fell 11% on market close.