Newmont Goldcorp kicks off commercial production at Ahafo mill expansion
The upgrade is expected to increase average annual gold production at the Ghana mine by between 75,000 and 100,000 ounces for the first five years, starting in 2020.
Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.
As predicted in February, a 15% year-on-year drop in the gold price in 2013 forced mining companies to lower the prices they use to calculate their gold reserves.