Olympus Pacific Minerals has successfully poured its first gold dore bar weighing 11.1kg at the newly commissioned Phuoc Son gold plant. It is the first dore bar delivered entirely from the new Phuoc Son facility.
Previous production from the plant had been processed through the company’s Bong Mieu Gold Room while technicians finished commissioning the Phuoc Son gold room.
The Phuoc Son plant is South East Asia’s most modern state-of-the-art gold processing facility with plated daily capacity of 500 tonnes with features incorporated to allow increased capacity to 1000 tonnes with minimal capital expenditure.
Vietnam production in 2011 is forecast to range between 40,000 and 45,000 ounces, which will generate net operating cash to continue exploration and development over the company’s four core properties in Vietnam, East Malaysia and the northern Philippines.
Olympus is a Canadian-listed gold exploration and production company employing some 1200 employees of which 90% are Vietnamese. The company offers excellent wages and benefits in the safest possible work environment.
The company believes in Corporate Social Responsibility and cares about the employees and the people who live and work around its mining operations. The company has contributed to the community in many ways; road improvements, clean water project (supplies clean water to households), women wellness programs, agricultural sustainability programs, academic scholarships, assistance for minority groups, houses for the poor and donations to various sport programs.
Olympus operates two gold mines in central Vietnam near the port city of Da Nang.