CAPITAL MARKETS

Allied crunching new numbers at Simberi

ALLIED Gold is looking to re-optimise the resource at its Simberi project in Papua New Guinea to better reflect the strong gold price, and believes there is the potential to reduce initial capital expenditure.

Ben Sharples
Allied crunching new numbers at Simberi

“Sorowar was optimised at $US440 per ounce and some of the other pits have been optimised at $US350/oz so all we’re doing is running it at more current gold prices,” Allied managing director Jeff Moore...

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