Sep. 16, 2009 (GlobeNewswire) --
DALLAS, Sept. 16, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Lihir Gold Limited (Nasdaq:LIHR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Lihir Gold Limited (Nasdaq:LIHR) should be of particular interest to other major global gold producers: Minco Gold Corp (AMEX:MGH), Entree Gold Inc. (AMEX:EGI), Rio Tinto (NYSE:RTP) and Randgold Resources Ltd. (Nasdaq:GOLD).
It is available at: http://www.investorsoup.com/lp/LIHR
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Lihir Gold Limited (LIHR) is a major global gold producer with operations in Papua New Guinea (PNG), West Africa, and Australia, operating one of the world's largest gold mines and processing facilities on Lihir Island in New Ireland province. The Company is also developing an underground mine and process plant at the historic gold mining centre of Ballarat, north-west of Melbourne in Victoria. In June 2008, LIHR finalized a merger with Perth-based gold producer Equigold NL. Through the merger, LIHR now has operations at Mount Rawdon in Queensland and in Cote d'Ivoire in West Africa.
In the report, the analyst notes:
"LIHR recently announced the release of its production results for the three months ended June 30, 2009. A strong June quarter enabled the Company to achieve record half-year gold output of 612,000 ounces, compared to 566,000 ounces in the preceding six months. Gold production in the June quarter was the third highest on record for LIHR at 294,000 ounces.
"LIHR reported a record underlying profit of US$154.9 million, a 130% increase on the prior corresponding period (US$67.4 million). The strong profit result confirms the significant operational improvements that have been achieved at the Lihir Island operation in PNG, where production was at record levels in the half year, as well as the benefits of the Equigold acquisition, completed by LIHR in June 2008."
To read the entire report visit: http://www.investorsoup.com/lp/LIHR
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