Asante nets $500m forward purchase deal for gold produced at Bibiani
The Vancouver-based gold miner said it expects gold production at Bibiani to exceed 15,000 oz. per month by mid-year.
Newcrest Mining, Australia’s largest gold mining company, said that gold production rose 16% to 700,124 ounces during its June quarter.
Copper production was slightly higher than the previous quarter at 20,127 tonnes. The company said cash costs of A$542 per ounce were higher than the previous quarter due to higher site costs and lower copper byproduct credits per ounce.
The company’s Hidden Valley and Lihir mines had minor production disruptions. Lihir due to a high voltage switchgear failure and Hidden Valley due to conveyor belt problems. Planned production is expected to resume.
The company reached an agreement reached to sell Cracow and Mt Rawdon, subject to transaction completion
