Sihayo Gold Limited

2 Desember, 2015

Sihayo Gold Limited (ticker code: SIH.AX), listed on the Australia Stock Exchange, has a 75% stake in PT Sorikmas Mining, a gold-mine exploring company operating in the Sihayo Pungkut concession area in North Sumatera. Exploration campaigns conducted at Pungkut yielded a JORC-compliant resource of 1.4 million ounces of high grade gold. Sihayo is continuing with its current exploration program to better position the company for future production. Saratoga first invested in Sihayo in December 2012 and increased its investment in 2013 by USD1.4 million, bringing its effective ownership in the company to 18.14% by year-end 2014.

 

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