re: Ann: Newcrest closely monitoring situatio...
results and information on the mine from last quarterly report FYI, last qtr for the mine was not too good
Bonikros September quarter performance was 12,458 ounces of gold at a gross cash cost of US$1,559 (A$1,728) per ounce and a net cash cost of US$973 (A$1,084) per ounce. This compares with the June quarter performance of 22,510 ounces of gold at a net cash cost of US$615 per ounce. Gold production was 44% lower than the previous quarter associated with a significantly lower gold feed grade, partly offset by increases in mill throughput and the gold recovery rate. Gold production is expected to increase in the next quarter as greater access to higher grade zones is established. Total material movements in the open pit were higher than the previous quarter. Waste movement increased by 19% as access to higher grade ore faces was sought. Unit cash costs were higher than the previous quarter associated with the lower gold production.
NCM Price at posting:
$41.09 Sentiment: None Disclosure: Not Held
