Lihir production up 12pc in Q1

2018 Quarter One gold production at Lihir Gold Mine is up 12 percent from the last quarter in 2017.

Newcrest Mining Limited says this is a result of increased availability in the milling circuit and an associated increase in the mill throughput rate.

Lihir’s All-In-Sustaining-Cost (AISC) per ounce for the March quarter was lower than the prior quarter primarily as a result of lower site costs, production stripping costs and sustaining capital expenditure.

The rollout of NewSafe continues across the site with mining and mobile maintenance areas having been completed and the processing plant and fixed plant maintenance areas progressing well.

The resulting improvement in behavioural safety has positively impacted the Lihir Total Recordable Injury Frequency Rate (TRIFR).

Cedric Patjole