- Report of Foreign Issuer (6-K)
29 Juillet 2010 - 12:04PM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
July 28, 2010
Commission File No. 000-26860
LIHIR GOLD LIMITED
Level 7, Pacific Place
Cnr Champion Parade & Musgrave Street
Port Moresby, Papua New Guinea
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover
of Form 20-F or Form 40-F.)
Form 20-F
þ
Form 40-F
o
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
)
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
)
(Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes
o
No
þ
(If Yes is marked, indicate below the file number assigned to the registrant in connection
with
Rule 12g3-2(b):82-
.)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
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LIHIR GOLD LIMITED
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By:
Name
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/s/ Stuart MacKenzie
Stuart MacKenzie
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Title:
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Group Secretary & General Counsel
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Date: July 28, 2010
Second Quarter Production Report 2010
Lihir Island, expansion construction
Mt Rawdon, Qld
Lihir Island additional autoclave
Côte dIvoire exploration
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Forward looking statements
This presentation may contain certain forward-looking statements, including but not limited to (i)
estimated reserves, (ii) anticipated production profiles and
characteristics
,
(iii) expected
capital requirements
,
(iv) forecast cost profiles or (iv) plans
,
strategies and objectives of
management
.
Such forward looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties and other factors, many of which are beyond the control of
Lihir Gold Limited (LGL), which may cause actual results to differ materially from those
contained in this announcement. Important factors that could cause actual results to materially
differ from the forward looking statements in this presentation include but are not limited to the
market price of gold, anticipated ore grades, tonnage, recovery rates, production and equipment
operating costs, the impact of foreign currency exchange rates on cost inputs and the activities of
governmental authorities in Papua New Guinea and elsewhere, as set forth more fully under the
caption Risk Factors in LGLs
most recent Annual Report on Form 20
-
F
,
which has been filed with
the US Securities and Exchange Commission (
"
SEC
"
)
.
Gold reserve and resource estimates are expressions of judgement based on knowledge, experience and
industry practice, and may require revision based on actual production experience. Such estimates
are necessarily imprecise and depend to some extent on statistical inferences and other
assumptions, such as gold prices, cut-off grades and operating costs, which may prove to be
inaccurate. LGLs wholly owned subsidiary Ballarat Goldfields Pty Ltd does not have any ore
reserves and the level of its estimated mineral resources and exploration potential are necessarily
imprecise and may prove to be inaccurate. Accordingly, no assurance can be given that the indicated
amount of gold will be recovered or at the rates estimated.
LGL can therefore
g
ive no assurances that an
y
of the estimates
, p
roduction
p
rofiles
,
ca
p
ital
,
cost
p
rofiles and
p
lans will not materiall
y
differ from the statements contained in this release and
their inclusion in this presentation should not be regarded as a representation by any person that
they will be achieved.The foregoing material is a presentation of general background information
about LGLs activities as of the date of the presentation. It is information given in a summary
form and does not purport to be complete. It is not intended to be relied upon as advice to
investors or potential investors and does not take into account the investment objectives,
financial situation or needs of any particular investor. These should be considered, with or
without professional advice when deciding if an investment is appropriate.Some of the information
contained in this presentation includes certain un-audited non-GAAP (where GAAP means generally
accepted accounting principles) measures, such as cash costs. Such unaudited non-GAAP measures
are intended to provide information about the cash generating capacity and performance of LGLs
mining operations. In particular, cash costs is a measure that is used in the gold mining industry
and was developed in conjunction with gold mining companies associated with the Gold Institute in
an effort to provide a level of comparability. However, LGLs measures may not be comparable to
similarly titled measures of other companies. Management uses this measure for the same purpose
when monitoring and evaluating the performance of LGL. This information differs from measures of
performance determined in accordance with GAAP and should not be considered in
isolation or as a
substitute for measures of performance determined
in accordance with GAAP
.
This presentation is to be read in accordance with and subject to LGLs most recently filed updated
reserves and resources statement available from LGLs website www.lglgold.com or on the company
announcements page of the ASX www.asx.com.au.
Canadian Investors for further information in relation to the calculation of reserves and
resources with respect to LGLs operations, please refer to the Lihir Gold Limited (TSX:LGG) NI
43-101 Technical Reports available on SEDAR (www.sedar.com).
Cautionary Note to U.S. Investors
-
The United States Securities and Exchange Commission permits
U.S. mining companies, in their filings with the SEC,
to disclose only those mineral deposits that
a company can economically and legally extract or produce
.
LGL uses certain terms on this website
,
such as
measured, indicated, and inferred resources, which the SEC guidelines strictly
prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are
urged to consider closely the disclosure in LGLs most recent
Form 20-F, which may be secured from LGL, or from the SECs website at
http://www.sec.gov/edgar.shtml.
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Group highlights
Operation June Qtr 10 March Qtr 10 June Half 10
Lihir Island, PNG 196,925 180,273 377,198
Mt Rawdon
,
QLD 24
,
489 22
,
856 47
,
345
Bonikro, Cote dIvoire* 22,510 26,628 49,138
Total 243,925 229,757 473,682
*Bonikro production reported on a 100% basis
Production on track for full year forecast of 1.0 to 1.1Moz Lihir Island expansion remains on
schedule and on budget Hiré feasibility study in Côte dIvoire progressing to plan Record cash
margin for the quarter of $576/oz Merger with Newcrest proceeding on schedule
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Q2 production meeting expectations
Full year guidance 1-1.1 million ounces
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Margins continue to expand
Margins expanding to record levels
Unit cash costs reduced 11% to $461/oz in June quarter
Full year total cash costs forecast to be below $450/oz
Total cash costs at Lihir Island
expected to be below $420/oz for full year.
Total cash costs at Mt Rawdon and Bonikro expected to be between
$
550-575/oz.
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Merger Update CEO Graeme Hunt
May 4 announcement of agreed merger with Newcrest
Offer of one Newcrest share for each 8
.
43 LGL
shares, plus A$0.225 cash for each LGL share
Healthy premium for shareholders
Merged group offers significant growth potential
Independent expert has concluded the offer is in the best interests of LGL shareholders, in the
absence of a superior proposal.
Directors unanimously recommend that LGL shareholders vote in favour at the Scheme meeting to be
held on August 23
Transaction scheduled for com
p
letion September 13
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Scheme of Arrangement timetable
Date Event
22 July PNG Court approves Scheme
26 July Scheme booklet despatched to LGL shareholders
23 August Scheme Meeting in Port Moresby
27 Au
g
ust Second Court Hearin
g
for Scheme a
pp
roval 30 August Effective date (LGL shares cease
trading) 6 September Record date 13 September Implementation date
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Lihir Island Q2 in line with plan
Gold production, Koz
A/C grade, Au g/t
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Record autoclave throughput
Tonnes per hour per autoclave
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Bonikro Q2 production
Gold production, Koz
Grade, Au g/t
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Mt Rawdon Q2 ahead of plan
Gold production, Koz
Grade, Au g/t
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Growth projects advancing
Lihir Island
Côte dIvoire
Côte dIvoire
Lihir Island
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Lihir Island expansion on track
On schedule and on bud
g
et
Construction milestones:
Leach tanks on site and installation progressing Autoclave on sea transport to site Oxygen plant on
site and being erected IPS construction 50% complete
Progressive commissioning H2, 2011
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Bonikro expansion studies progressing
Drilling completed on Hiré
deposits with results in line with expectations
Resource update expected by
year end
Bonikro Deeps drilling due for completion in Sept Qtr
SEIA
Communit
y
consultation com
p
leted
Draft document produced
Submission to Government expected in Q3
BFS on track for completion end Q1 2011
Work progressing toward
tendering of long lead items
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Côte dIvoire exploration progress
R
eg
i
ona
l
rev
i
ew completed
Priority targets
id
en
tifi
e
d
Staged exploration process defined
Aggressive $16M program to year end across package.
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Outlook
Full
y
ear
g
uidance maintained at 1 1.1Moz
Total cash costs below $450/oz
Growth projects advancing
Merger with Newcrest proceeding to plan
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www.LGLgold.com
LGL Competent Person Statement
The information in this report that relates to Exploration Results in Côte dIvoire is based on
information compiled by Mr Marcus Willson.
Mr Wilson is a member of the Australian Institute of Geoscientists and Registered professional
Geoscientist (Exploration) and is a full time employee of Lihir Services Australia Pty Ltd (LSA) in
the role of Group GM Exploration. LSA provides services to LGL pursuant to a Managed Services
Agreement. Marcus Willson has sufficient experience which is relevant to the style of
mineralisation and the type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Wilson consents
to the inclusion in the report of the matters based on his information in the form and context in
which it appears.
The information in this report that relates to Ore Reserves at Lihir Island is based on information
compiled by Mr David Grigg. David Grigg is employed by Lihir Gold Limited in the role of
Superintendent Strategic Planning for the company. David Grigg has sufficient experience, which is
relevant to the style of mineralisation and the type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of
the Australasian Code for Reporting of Mineral Resources and Ore Reserves. David Grigg consents
to the inclusion in the report of the matters based on their information in the form and context in
which it appears.
The information in this report that relates to Ore Reserves at Mt Rawdon is based on information
compiled by Nick Spicer, who is a member of the Australian Institute of Mining and Metallurgy. Nick
Spicer is employed by Lihir Gold Limited in the role of Principal Mining Engineer. He has
sufficient experience, which is relevant to the style of mineralisation and the type of deposit
under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the Australasian Code for Reporting of Mineral Resources and Ore
Reserves. Nick Spicer consents to the inclusion in the report of the matters based on their
information in the form and context in which it appears.
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