CAPITAL MARKETS

Croesus on track for 300,000oz despite slow first quarter

EXPECT some big production quarters ahead from Croesus Mining after the Kalgoorlie-based company confirmed it was still targeting around 300,000 ounces for 2002-03 despite a slow start in the September quarter, when 67,430oz was produced at $351/oz.

Michael Quinn

Croesus on track for 300,000oz despite slow first quarter

Company secretary Graeme Smith conceded it would require a strong performance, but said the target stood. The September quarter was slightly down on June's 70,184oz at $285/oz, with the cash cost blow-out...

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