News: Norton Gold Fields could produce 190,000 ounces in 2015

Norton Gold Fields (ASX:NGF) has outlined forecast gold production to be in the range of 182,000 – 190,000 ounces from the Paddington Operations in Western Australia during calendar year 2015.

The forecast C1 cash cost is A$870 – A$920 per ounce.

For CY2014, Norton produced 178,269 ounces.

In early February 2015 Norton added to its hedge book selling 27,500 ounces of gold for delivery by December 2016, achieving a forward price achieved of A$1,628.00 per ounce.

At the time Norton said that it had around 200,000 ounces of gold at a weighted average flat forward price of A$1,485 per ounce deliverable by December 2016.