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Wednesday, 28th July 2004 (4548 views)

Meridian Gold has released its second quarter results with positive figures for operating, exploration and expansion.<BR/><BR/>The company reported a net income of $9.7 million and gold production of 82,000 ounces.<BR/><BR/>In addition production at the firm's El Penon site increased 24 per cent quarter over quarter and achieved record levels in June.<BR/><BR/>Brian Kennedy, Meridian Gold's president and chief executive officer commented: "We are right on track toward making this a breakout year for the company."<BR/><BR/>Meridian is also planning to acquire extra exploration rights in Chile and an exploration drill programme has now begun on a new property as a joint venture between the company and Gold Fields Limited.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3121500"/>

 

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