"In 2008 a major expansion to the Lihir process plant to increase annual gold processing capacity to approximately one million ounces per year was approved. The project is focused on the installation of an additional autoclave to the process plant that is of a wider diameter and double the capacity of each of the three existing autoclaves. Annual throughput will increase to a maximum of around 11 to 12 million tonnes, lifting gold production by up to 240,000 ounces per year. Construction of the expansion commenced in 2008, with the new infrastructure scheduled to be in full operation during 2012."
Not sure of the current status of the above but might be could be reflecting in higher costs atm??
NCM Price at posting:
$39.24 Sentiment: ST Buy Disclosure: Held
