Troubled WPG gets a sliver of good gold news

STAFF and management at WPG Resources are likely hoping the darkness before the dawn has passed as the troubled miner reported the best results from the Challenger gold project since it took control two years ago.

Troubled WPG gets a sliver of good gold news Troubled WPG gets a sliver of good gold news Troubled WPG gets a sliver of good gold news Troubled WPG gets a sliver of good gold news Troubled WPG gets a sliver of good gold news

June was not as bad as feared for WPG.

Almost three weeks ago the South Australian concern placed itself into suspension, warning its production for June was expected to be just 6000 ounces, well down from the forecast 8500oz expected earlier in the month, and the company was desperately looking at recapitalisation and restructuring options.
 
But forecasts are only as good as the data they are based on, and sometimes reality has a different idea.
 
WPG said this morning that gold production for June was actually 7155oz, beating May's 5200oz and delivering total production for the June quarter of 17,818oz - both more attractive numbers than feared, and both records under the WPG-era.
 
Obviously the "Herculean efforts" claimed by WPG ...

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