CAPITAL MARKETS

Newmont to boost production, lower costs

NEWMONT Mining Corporation has released its long-term operating plan, highlighting all-in sustaining costs of below $US1000 an ounce on annual production of around 5 million ounces of gold.

Kristie Batten
Newmont to boost production, lower costs

The company expects 2016 production of 4.8-5.3Moz gold at AISC of $900-960/oz. Sustaining capital is expected to be $700-750 million, and remain stable at $700-800 million over the next five years. ...

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