Century Mining posted a 42% rise in fourth quarter gold production at its San Juan mine in Peru.
The company said the mine’s fourth-quarter production in 2009 stood at 4,744oz compared with 3,347oz a year earlier.
Total output in 2009 was 17,036oz of gold.
Century wants to expand production by 50% by 2012.
It says it expects it’s the San Juan mine to produce 18,000 to 20,000oz of gold in 2010 with a subsequent increase to 24,000oz in 2011 and 30,000oz in 2012.