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.