https://www.engineeringnews.co.za

Norton hopes for more gold in 2015

31st March 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold miner Norton Goldfields said on Tuesday that it expected to beat its 2014 production figures during the current year, as the Paddington operations, in Western Australia, continued to prove its mettle.

For 2015, Norton was expecting to produce between 182 000 oz and 190 000 oz of gold, compared with the 178 269 oz produced during 2014.

C1 cash costs for 2015 were expected to reach between A$870/oz and A$920/oz, compared with the A$888/oz reported at the end of last year.

“Norton’s decision to provide production guidance affirms our confidence in our ability to build on our successes in 2014 and our commitment to increase production and reduce costs in a safe and sustainable manner,” said Norton MD and CEO Dianmin Chen.

Norton in February this year signed a binding scheme implementation agreement with shareholder Zijin Mining, allowing the Chinese group to acquire all the issued shares in Norton for 20c each, in cash.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.214 0.274s - 156pq - 2rq
Subscribe Now