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Allied's costs soar

ST Barbara’s $A556 million takeover bid for Allied Gold could raise more questions as Allied’s June quarter production fell nearly 8% from the previous quarter. Its group-wide total cash costs per ounce jumped almost 17% to $US1703/oz – well above spot gold prices.

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Allied's costs soar

Allied said its overall production from its Simberi mine in Papua New Guinea and its Gold Ridge mine in the Solomon Islands was affected by unscheduled maintenance at both operations. “Due to the...

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