Lihir Gold

Lihir Gold dumps Ballarat for just $4.5m

Lihir Gold is selling its poorly performing Ballarat mine for $4.5 million in cash and future production royalties.

Lihir Gold to lift output by 50%

Papua New Guinea-focused gold miner Lihir Gold Ltd has unveiled plans to increase production by about 50 per cent in the next decade.

Lihir Gold reports $US234m for 2009

Lihir Gold Ltd has reported a net loss for calendar 2009, the result of problems at its discontinued mine at Ballarat, which is now on the market.

Lihir Gold chief executive steps down

Investors applaud Lihir Gold CEO's decision to step down, while chairman Ross Garnaut says there has been "some interest" in its Ballarat mine.

Lihir Gold CEO Hood resigns

Lihir Gold Ltd's chief executive Arthur Hood has resigned, with the miner saying that it is the right time to make an orderly transition to a new head.

Lihir Gold output hits new record

Lihir Gold says annual production will rise to 1.3 million ounces in 2012 on expansion of overseas operations.

Lihir Gold production predicted to surge

Lihir Gold Ltd says annual production will rise to 1.3 million ounces in 2012 on expansion of its Papua New Guinean and Ivory Coast operations.

Barry Fitzgerald Healthy cash margins and confidence in hitting its annual production target of up to 1.2 million ounces gold has prompted Lihir Gold to resume dividends payments and consider a capital return to...

Lihir Gold declines despite hitting targets

Lihir Gold shares fell despite the company saying it is on track to meet full-year production guidance.

Stocks end lower, losses in big sectors

The Australian share market closed lower with losses in most major sectors, following weak leads from offshore.

Aussie shares end higher on modest gains

The Australian share market closed marginally higher after modest gains ahead of retail sales and consumer confidence figures from the US on Friday night.

Stocks to watch

Stocks of interest on the Australian Stock Exchange at the close of trade.

Lihir sells Ballarat for a song

Mathew Murphy Lihr Gold has finally offloaded its troubled Ballarat mine after reaching an agreement with Castlemaine Goldfields to sell the asset for a paltry $4.5 million plus royalties.

ASX closes up, led by resources, energy

The Australian share market closed at its highest level in just over six weeks, driven by a stronger materials and energy sector.

Aussie stocks end higher on resources

The Australian share market closed marginally in the black after gains in the resources and energy sectors, ahead of US employment figures.

Stocks move up after see-saw session

The Australian share market closed higher after an up-and-down session where resources stocks firmed and banks ended mostly lower.

Lihir agrees to sell Ballarat project

Lihir Gold Ltd says it has agreed to sell its Ballarat project to Castlemain Goldfields for $4.5 million cash and royalties capped at $50 million.

Stocks to watch

Stocks of interest on the Australian stock exchange at noon.

Stocks close higher

The Australian share market posted its strongest finish in five trading days after an expected increase in the cash rate by the Reserve Bank of Australia.