Newcrest?s Gosowong production increases 12% in Q2

By Peni Pedriawan

Australia-listed gold company Newcrest Mining reported its Gosowong project produced 133,233 ounces of gold at a cash cost of A$380 per ounce in the second quarter, a 12 percent increase from 118,853 ounces of gold in previous quarter.

?The gold production is 12 percent higher than the previous quarter due to record quarterly mill throughput,? the company?s quarterly report said.

It said that the gold feed grade and recoveries were consistent with the previous quarter with mining activities continued in the K1, K2 and Klink ore bodies at Kencana underground mine, and also in the Toguraci underground mine.

At Kencana, underground drilling continued to grow the K2 and K1 North mineralization beyond present resources. Significant results include:
- K2D133 10.7m (9.4m)* @ 5.2g/t Au from 75.4m
- K2D138 8.4m (7.6m)* @ 4.4g/t Au from 89.4m
- K2D140 14.2m (13.1m)* @ 15g/t Au from 87.4m
- K2D142 13.4m (10.5m)* @ 6.8g/t Au from 131.6m and 26.0m (17.8m)* @ 6.2g/t Au from 149m
- K1D180W 12.5m (7.7m)* @ 25g/t Au from 155m and 6.7m (4.2m)* @ 15g/t Au from 177.7m

Editing by Adianto P. Simamora