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Page last updated at Saturday, July 30, 2011 16:16 PM //
Newmont’s Ahafo mine recorded gold production of 146,000 ounces in the second quarter of 2011, the company said July 29, 2011.
Gold production from the mine increased by 11% during the second quarter, Newmont stated in a press release.
“Attributable gold production during the second quarter at Ahafo in Ghana was 146,000 ounces at CAS of $446 per ounce…Gold production increased 11% in the 2011 quarter from the prior year quarter,” it said.
Costs applicable to sales (CAS) per ounce increased by 7% due to higher diesel prices and higher power, labor and royalty costs, partially offset by higher production, noted the Denver-based mining firm.
The company says it will continue to expect 2011 attributable gold production at Ahafo of approximately 550,000 to 590,000 ounces at CAS of between $485 and $535 per ounce.
By Ekow Quandzie