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BRIEF-Tiger Resources issues 2016 copper cathode production guidance

Published 17/03/2016, 08:32 am
BRIEF-Tiger Resources issues 2016 copper cathode production guidance
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March 17 (Reuters) - Tiger Resources Ltd TGS.AX :

* Tiger Resources 2016 guidance TGS.AX

* Says company expects 2016 cash operating costs to be in the range of US$1.34-1.42/lb

* "Processing costs are expected to be lower in 2016 due to the improved availability of grid power"

* Says 2016 copper cathode production guidance 26,000 tonnes- 28,000 tonnes

* Says at the Perth head office, the headcount has been reduced by 33%

* Management has conducted a vigorous cost-cutting and efficiency drive

* Through restructuring and streamlining of responsibilities, number of site-based expatriate personnel has been reduced by 38%

* Further costs savings are being pursued in the first half of 2016

* Source text for Eikon ID:nASX2xfwPV

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