https://www.miningweekly.com

Crater sells first PNG ounces

Crater sells first PNG ounces

Photo by Bloomberg

8th May 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold junior Crater Gold Mining has sold the first gold from its Crater Mountain project, in Papua New Guinea.

The miner reported on Friday that 17.4 oz of gold had been sold from processing ore from the High Grade Zone project, with average grades recovered recorded at 6 g/t gold.

Mining operations at High Grade Zone were resumed in March this year, after the company had initially been ordered to cease mining activities in late December, pending the conclusion of an inquiry into the circumstances surrounding a November vehicle accident, which claimed the life of the driver.

Crater MD Russ Parker said that the sale of first gold was a major milestone for the company.

“We have now sold our first gold in the history of the company. The production level will increase as we continue to upgrade our plant to full capacity in around three months.”

Parker noted that once mining plant capacity was achieved, Crater would produce some 10 000 oz gold in the first full year of production, at an all-in cash cost of below A$400/oz.

Edited by Creamer Media Reporter

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.403 0.453s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: