On 01 March 2010, Lihir Gold Limited’s (Lihir Gold) revealed its medium-to-long term production targets. Average production levels during FY 2012 – FY 2016 are expected to rise by approximately 29% from FY 2009 levels reflecting completion of the expansion work at Lihir Island and Bonikro mine. However, in the near term, the company’s financial performance during FY 2010 is expected to be impacted by lower production due to ongoing expansion work....

Lihir Gold Limited (Lihir Gold) announced strong production results during the year, boosted by high output from Lihir Island and full year production from the two mines it acquired during 2008. Going forward the company expects FY 2010 production levels to fall below FY 2009 levels. We expect the decline in gold production, coupled with our expected decline in gold prices during the year to negatively impact Lihir’s top and bottom-line....

Lihir Gold Limited's (Lihir Gold) production and average grade recovery declined in 3Q 09, although the company is still expected to meet its full-year production targets. We expect gold prices to appreciate further during FY 2010, supporting the company's top-line. Therefore, after the recent moderation in the ADR price, we now see upside potential and upgrade the ADR from a HOLD to a BUY for the coming 6-12 months....