Lihir targets 700,000-ounce year

GOLD production at Lihir Gold’s namesake mine in Papua New Guinea was up in the December quarter courtesy of improved processing, but unfortunately cash costs moved in the same direction, impacted by higher fuel costs and a strong Australian dollar.

Lihir targets 700,000-ounce year Lihir targets 700,000-ounce year Lihir targets 700,000-ounce year Lihir targets 700,000-ounce year Lihir targets 700,000-ounce year

Production for the quarter was 166,975 ounces, up from 155,002 in the preceding quarter, underpinned by improvements in mill and autoclave availability along with better gold recovery rates.

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