Allied Gold plans growth in PNG

摘要

Allied Gold (alg-t, ald-a) has big plans for its Simberi gold mine in Papua New Guinea (PNG) - the company has embarked on an expansion of the mine's oxide processing unit and now a prefeasibility study has shown that the mine could economically add a sulphide circuit to double its gold output. Allied Gold put Simberi into production in early 2008 and the oxide-only operation has been producing 72,000 oz. gold annually since. Each year the operation churns through 2 million tonnes of ore carrying an average grade of about 1 gram gold per tonne. In the last quarter, it cost Allied Gold 660 US dollars to produce an ounce of gold at Simberi.