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Newmont feels CCV effect

US-based Newmont Mining has been able to lower its cost guidance and improve its production forecast for this year following the pending acquisition of the Cripple Creek & Victor (CC&V) operation in Colorado.

Purchased from AngloGold Ashanti for US$820 million, the CC&V mine, in tandem with “strong operating performance”, lowered the company’s all-in sustaining cost base by 4% to $920-980/oz for the