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Analyst: Aureus on verge of being cash generative

Aureus Mining, operator of the New Liberty gold mine in Liberia, will be cash generative in the December quarter and be able to operate at nameplate capacity for the remainder of this year, GMP Securities has forecast.

Mining Journal
Carbon in leach tanks at Aureus Mining's New Liberty gold mine in Liberia

Carbon in leach tanks at Aureus Mining's New Liberty gold mine in Liberia

It made the comments as Aureus released its September quarter financial report, which showed it had cash of US$5.85 million, compared to GMP’s earlier $1 million estimate. Despite spending $3 million on...

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