https://www.miningweekly.com

Norton production surges in 2013

16th January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold miner Norton Gold Fields has exceeded its production expectations for 2013, reporting record gold output of 172 739 oz, compared with the guidance of between 163 000 oz and 167 000 oz.

“We are very pleased to report a strong result for the fourth quarter, resulting in Norton exceeding our 2013 production guidance and achieving record gold production for 2013,” said MD and CEO Dianmin Chen.

The full-year production was also the highest recorded since the Paddington operations were acquired in 2007.

During the three months to December, Norton produced 42 616 oz of gold at a cash cost of A$883/oz.

“Driving the improvement has been increased mill feed grades from across our operations, allowing a strict cost control regime,” Chen said.

During the past 12 months, the company set about reducing its cost and increasing production, with full-year cash costs down to A$960/oz, compared with the expectation of between A$970/oz and A$1 010/oz.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

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:0.049 0.847s - 128pq - 2rq
Subscribe Now