OREANDA-NEWS  On 01 October was announced, that Kazakhgold Ltd published financial results for 1H 2008.

First half gold production of 66,863oz*

Average gold price received of USD  872 per ounce, on sales of 76,211oz

Significant work undertaken to modernise and upgrade existing processing capacity to increase its future productivity

Audited (FSU classified) gold reserves and resources of 59.6** million ounces confirmed, as at 1 January 2008

Further progress to re-classify the Group’s resource base to the JORC standard

Initial exploration results reveals significant potential for large open pit at the Southern Karaultube deposit

Additional mills installed at the Aksu, Bestobe and Zholymbet processing facilities

Positive exploration results from Romaltyn and further pre-production preparation work undertaken

Eastern Kazakhstan assay laboratory receives ISO 17025 accreditation

Successful institutional placement of 2.3 million new ordinary shares (via GDRs) at USD  23.0/GDR.

Detailed information are available here.