FORUM

A tropical temptation

A QUICK glance at Lihir Gold’s share price reveals the market’s disillusion with this former glamour stock. The company hasn’t been able to take a trick recently, but is this indicative of its future prospects asks <b>The Mine Canary</b>

MiningNews.Net
A tropical temptation

The mine produced roughly 551,000 ounces in 2003, down from 607,000oz in 2002. Management forecasts the mine will soon be producing around 750,000oz per annum. Lihir has a high fixed-cost base so these...

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