Newcrest reports higher gold output from Gosowong mine

By Ruli Setiawan

ASX-listed Newcrest Mining Limited reported that gold output from the Gosowong mine on Halmahera Island, North Maluku Province, increased by 9 percent to 77,990 ounces during the December quarter of last year from 71,227 ounces in the September quarter.

The company said that ?all-in sustaining cost? of production during the December quarter increased by 4 percent to A$1,013 (US$941) per ounce from A$973 per ounce in the September quarter.

?Gold production was 9% higher than the previous quarter due to higher gold grades associated with increased production from the higher grade zones of the Toguraci underground mine. Mill throughput was similar to the previous quarter and gold recoveries were maintained above 95%,? the company said in a statement obtained Thursday.

The higher ?all-in sustaining cost? during the December quarter primarily reflected higher sustaining capital expenditure per ounce and lower gold sales volume in the period. Unit site operating costs were consistent with the previous quarter, it ended.

Editing by Reiner Simanjuntak