The mine is expected to produce between 350,000 to 400,000 ounces of gold annually, as compared to Newmont’s annual production of around 5 million ounces. We think that this is a smart move by Newmont, as the purchase of the CC&V gold mine is in line with the company’s strategy to lower the average cost of production of its gold mining operations, in response to low gold prices.
from http://ift.tt/1L381gK
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