Gold production in Georgetown started successfully in the first quarter

Production successfully started in the Georgetown gold mine in the first quarter of 2011. In total, 4,006 ounces of gold and roundabout 2,200 ounces of silver have been produced. Thereof, 3,651 ounces of gold and 2,042 ounces of silver have already been sold. The average sales revenue of the gold was AUD 1,393/ounce (corresponding to EUR 1,017/ounce). In total, revenues amounted to AUD 5,162,155 (EUR 3,768,373) in the first quarter. Deutsche Rohstoff Australia, a 100 per cent subsidiary of Deutsche Rohstoff AG, expects a production of 20,000 ounces of gold for the whole fiscal year. With an anticipated sales price of AUD 1,400 (EUR 1,022) per ounce, this equates to a revenue of AUD 28 million (EUR 20.4 million).