July 22, 2010 / 4:05 PM / 7 years ago

UPDATE 1-Olympus says Bong Mieu mine Q2 output up 12 pct

* Bong Mieu plant Q2 prod 8,200 oz vs 7,335 oz in Q1

* Shares rise 20 pct

July 22 (Reuters) - Canadian gold producer Olympus Pacific Minerals Inc OYM.TO said second-quarter production at its Bong Mieu plant in central Vietnam is up about 12 percent sequentially, sending its shares up as much as 20 percent. Gold production at the mine rose to 8,200 ounces from 7,335 ounces in the first quarter, the company said. Olympus Pacific, which expects to further expand its reserve and resource estimates in East Malaysia and Vietnam, said it has a production pipeline capable of expansion to 300,000 ounces by 2014. Shares of the company were up 17 percent at 35 Canadian cents Thursday late morning on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Vyas Mohan)

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