Niuminco on the rise again in PNG

Niuminco | Mining Industry News

Niuminco tips further production growth after posting its third successive quarter of positive cash flow at its Edie Creek mine in PNG’s Morobe Province.

Mine output for the March qtr (Q3 FY15) rose 19.2% to 402.7oz Au and 336.2oz Ag, delivering a 27.4% increase in sales revenue to $A608,132, sufficient to cover operating and PNG administration costs.

The delivery this month of a second-hand bulldozer and new small ball mill will lift potential capacity from 6tpd to over 20tpd.

1 Comment

Filed under Financial returns, Papua New Guinea

One response to “Niuminco on the rise again in PNG

  1. Quote “Mine output for the March qtr (Q3 FY15) rose 19.2% to 402.7oz Au and 336.2oz Ag, delivering a 27.4% increase in sales revenue to $A608,132, sufficient to cover operating and PNG administration costs.”
    How about profits? why bother if there are no profits?

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