CAPITAL MARKETS

Lihir back to normal in three weeks: Goldman

NEWCREST Mining’s Lihir mine in Papua New Guinea will take about three weeks to return to full gold production, according to Goldman Sachs, which has cut its post-tax net profit forecast for the major gold miner by 3.9% for this financial year.

Blair Price
Lihir back to normal in three weeks: Goldman

Last week Newcrest cut its 2010/11 gold production target from 2.82 million ounces to 2.7Moz after announcing that a high voltage switchgear failure at the Lihir mine’s power station had reduced output...

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