http://www.croesus.com.au/
Croesus Mining is Australia’s fourth largest gold miner with forecast production of 300,000 ounces per annum.
Gold production comes from three 100% owned mining and processing operations within 200km of Kalgoorlie in Western Australia.
- Binduli & Hannan South Operations
- Davyhurst Gold Operations
- Central Norseman Gold Corporation Limited
Production for the March 2002 quarter was a record 69,148 ounces at a cash cost of A$325/oz. Gold production for Calendar 2002 is forecast at 300,000 ounces at A$330 per ounce.
Recent exploration success has been achieved at Norseman operations with the discovery of the Marlin vein and Daisy South deposit. Croesus is committed to exploration and six drill rigs are currently operating at Davyhurst and Norseman sites.
Croesus has good exposure to any rises in the gold price with only 40% of ore reserves hedged. Croesus has ore reserves of 600,000 ounces and a total mineral resource of 2.6 million ounces.
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