KazakhGold decreased stock of gold by 40% in Q3

/INTERFAX-KAZAKHSTAN, London, October 12, 06 / - KazakhGold (the mother organization Mining and smelting concern Kazakhaltyn JSC) decreased the stock of gold in the third quarter by 40% and plans to reduce them more by the end of the year. By the message of the company, as of September 30 its stock made 29.864 th. troy ounces compared to 48.821 th. ounces as of June 30. For 9 months of year 2006, the company produced 173.521 th. ounmces of gold at three enterprises, operating in Kazakhstan ("Aksu", "Bestobe" and "Zholybet"), sales totaled 162.105 th. ounces. In the third quarter 78.361 th. ounces were produced, which were by 27% more, than in the second quarter; the company sold 97.318 th. ounces at the average price at $556 per ounce compared to $507 per ounce in the first half-year of 2006. KazakhGold does not provide the specific data for 9 months and the third quarter of year 2005. [2006-10-12]