PRECIOUS METALS

Ridgeway the standout for Newcrest

GOLD major Newcrest Mining has recorded a slight increase in overall quarterly gold production from its operations, including 88,328 ounces from its Ridgeway gold-copper mine at the staggering cash cost of negative-$149 per oz, after copper credits, following the switch to owner mining at the start of the quarter.

MiningNews.Net
Ridgeway the standout for Newcrest

Production at Ridgeway, the company's largest producing gold mine for the 2004-05 financial year, came in at a total cost of only $39/oz, compared with $109/oz for the previous quarter. A drop in cash...

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