gold production

PJV reaches 20m oz. in gold productions

The joint venture operation between Barrick Gold Corporation, Zijin Mining Group and Mineral Resources Enga (MRE) Limited, attained the +20 million oz. on Monday (March 6th) after 7,044 ounces were produced for the particular day.

To mark the milestone for the 26 year mine, six of PJVs longest serving employees and a handful of production and processing staff were invited by the PJV management to witness the historic gold pour event.

Lihir 4th quarter production higher

This was a result of higher mill and autoclave throughput, and improved recovery.

Newcrest Mining says in its December 2016 Report that this was partially offset by lower grade.

“Recovery was higher due to improved autoclave availability and utilisation following completion of the total plant shut in the September quarter, during which material bypassed the autoclave circuit and was fed directly into the NCA circuit to maximise throughput levels with consequential recovery losses.