Red Back Mining Expects Increases Gold Production In 2010

Red Back Mining to develop a gold mine site located in Ghana and Mauritania. Two gold mines, Chirano in Ghana and Tasiast gold mine in Mauritania. Red Back Mining expects gold production from two gold mines can be improved in the year 2010.

Gold mining company, Red Back Mining planned gold production from two gold mines could reach 525,000 ounces 485,000 ounces. Costs that will be used to achieve the production target of about $ 390 to $ 420 per ounce.

Chief Executive of Red Back Mining, Richard Clark said, "Additional production of the heap leach Tasiast and development of new Paboase South underground mine at Chirano will produce more boost production in 2011, toward the annual goal of about 800,000 ounces in 2012.

Allocation of costs for exploration in each of the gold mines, gold mines Tasiast will cost approximately $ 48 million in exploration costs budgeted $ 22 million during the first six months of 2010. Chirano gold mine estimated to cost $ 77 million in exploration costs $ 6 million during the first six months of 2010.