Millennium admits target defeat

ALL is not golden at Millennium Minerals, with the company trimming its production outlook for the Nullagine project in Western Australia’s Pilbara, with guidance by reduced 10,000-15,000 ounces for 2019 due to earlier delays in its open pit and underground operations.

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Millennium will miss its Nullagine production target this year.

The company had expected to produce as much as 90,000oz this year, affirming its guidance in July, but now targets as little as 70,000oz for 2019.

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