Kaiser Reef Ltd (AU:KAU) has released an update.
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Kaiser Reef Ltd reported strong quarterly results with gold revenues of $5.1M and production costs at $4.3M, producing 1,597 ounces at a realised price of AUD$3,191/Oz. The company has made significant progress in accessing unmined areas at the A1 Mine, investing over $23.5M in development, which promises to tap into high-grade ore and improve mining efficiencies. Kaiser remains debt free and confident in achieving better results in upcoming quarters with a cash reserve of $3.2M.
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