Lihir gold to surpass 2016 revenue

​Lihir Gold Mine forecasts revenue for 2017 to surpass its K3.7 billion performance in 2016 by more than K200 million.

The forecast is an indication of Lihir turning in another solid performance this year.

According to the Mineral Resources Authority (MRA), production forecasts indicate that Lihir may produce around 950,000 ounces, closing on its 1 million ounce production target in the calendar year.

MRA says this would be an impressive turnaround and achievement, emphasising Lihir credentials as a world top 5 gold mine aspirant, by production, and consistently rated as 3rd globally for its ore reserves.

Cedric Patjole