Newmont (NYSE:NEM) has reached a milestone at its 75%-owned Merian gold mine in east Suriname, pouring 1 million ounces of gold.
Newmont has poured its one millionth ounce at the Merian mine in Suriname
The milestone comes two years after commercial production started on October 1, 2016, when the mine was built on time and around 20% under budget for US$525 million.
This year, the company completed the second phase of the mine, including the construction of a primary crusher to process harder ore as the mine gets deeper, on time and within budget.
The Merian mine has a mine life of about 15 years.
Newmont's shares dropped 0.56% Wednesday to $32.11 per share.
Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.
View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.
Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.
Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.
Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.
