The Phu Kham copper-gold operation produced 19,820t of copper in concentrate at a C1 cost of $1.14/lb after precious metal credits from 19,403oz gold and 115,792oz silver. An all-in sustaining cost (AISC) of $1.50/lb copper was realised, PanAust said.
The Ban Houayxai gold-silver operation recorded production of 33,120oz gold and 253,631oz silver at a C1 cost of $504/oz after silver credits. An AISC of US$644/oz gold was achieved.
Special mention was made of the company's safety record, with the company saying it achieved an annual total recordable injury frequency rate (TRIFR) of 0.22 per million hours worked and a lost time injury frequency rate (LTIFR) of 0.07 per million hours.
PanAust executive chairman, Dr Qun Yang said this result was underpinned by the excellent safety performance of our Lao operations, and more recently, at Frieda River.
"Our performance is also supported by our contractors at our operations and projects who also show an unwavering commitment to safety," Yang said.
Yang added that in PNG, PanAust continues to work with all levels of government and local communities to progress the Sepik Development project permitting phase announced earlier this year.