PRECIOUS METALS

Sumatra cuts gold guidance after deferring open cut mine

INDONESIA gold and silver miner Sumatra Copper & Gold has cut previously forecast 2018 production by about 20% for the Tembang project after “temporarily” suspending planned production from the lower grade Asmar orebody.

Sumatra cuts gold guidance after deferring open cut mine

Sumatra is now guiding for 37,500-42,500 gold equivalent ounces - versus 45,000-50,000oz forecast previously - with new plans to mine the open cut Asmar orebody later this year with a new lower cost mining...

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