Post by
monstapeake on May 13, 2016 8:45am
commentary from Alliance News
Issues are summarized:
Aureus Mining, down 16%. The miner said it was "working hard" to recommence processing activities of its plant at the New Liberty gold mine in Liberia, but said mining activities were continuing at the site with preparations for the forthcoming wet season. Aureus was forced to suspend plant operations at its New Liberty gold mine earlier this month after problems with a circuit and heavy rainfall caused a "small overflow" from its tailings facility. Operations will not restart until authorities have approved the remediation work and rectified the issue, the company said at the time. "The company is working hard, in consultation with stakeholders and its consultants, to develop a start-up plan to recommence processing as soon as possible," Aureus said on Friday.
From quarterly operating costs $1153 per oz. Need higher gold price and we are home free. best, mpke
Comment by
kkkrrrr on May 13, 2016 9:32am
sounds like restart of operations will happen soon. I'am dissapointed from may production-numbers.... the cash costs in Q1 are ok.. they will come down in the next quarters