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Independence's FY'16 gold output down YOY

IndependenceGroup NL said July 11 that gold output from its jointly ownedTropicana goldmine in Western Australia fell to 448,485 ounces for the year ended June, downfrom the 496,413 produced in 2015.

Output was within the company's guidance range of 430,000ounces to 470,000 ounces of gold from Tropicana.

Independence's 30% share of production amounted to 134,546ounces.

The Jaguar operation's zinc in concentrate productionimproved to 39,334 tonnes from 37,551 tonnes, falling within of 38,000 tonnes and 40,000tonnes. So did its copper in concentrate output, to 7,411 tonnes from 7,090tonnes, which exceeded guidance of 6,500 tonnes and 7,000 tonnes amid highercopper grades.

Nickel produced from the Long Complex operation likewise increased yearover year to 8,482 tonnes from 6,151 tonnes.

For the fourth quarter, Independence's Tropicana produced95,502 ounces of gold, with the company's 30% share at 28,651 ounces. Jaguar'szinc and copper in concentrate output were 8,936 tonnes and 3,234 tonnes,respectively. Nickel from the Long operation was 2,008 tonnes.