CAPITAL MARKETS

Lihir posts US$6.8 million interim loss

OPERATIONAL difficulties have seen Lihir Gold suffer a negative cash flow quarter with the big operation in Papua New Guinea producing 128,140 ounces at total cash costs of US$350/oz against a realised average gold price of US$342/oz.

Michael Quinn
Lihir posts US$6.8 million interim loss

Lihir blamed two unplanned shutdowns combined with lower grades for the adverse quarter, but said it was confident there would be an improvement in the cost performance and production for the remainder...

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