Meares Soputan Mining eyeing 150,000 ounces gold production
Tuesday, March 19 2013 - 09:30 AM WIB
By Cepi Setiadi
Gold producer company, Meares Soputan Mining is expecting to produce 145,000 to 150,000 ounces of gold in 2013 from its Toka Tindung gold mining project in North Sulawesi.
Terkelin Purba, President Director of Meares Soputan Mining told Petromindo.com that the production is expecting to be stable at the level of 150,000 ounces this year and is ramping up to the level of 160,000 ounces in the following year as the peak target.
"By this average production at least our mine life can last for about nine years," he said.
Terkelin revealed that last year the company produced about 139,000 ounces of gold against the target of about 135,000 to 145,000 ounces.
Editing by Adianto P. Simamora