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Newmont achieves commercial production at Merian Gold
Newmont Mining poured the first gold and declared commercial production at the Merian open-pit gold project in northeast Suriname on October 1. Declaration of commercial production was based on Merian mill throughput averaging 80% and gold recovery averaging more than 90% over the previous 30 days. The project came in on time and more than $150 million, or nearly 20%, under its initial development capital budget. The government of Suriname holds a fully funded 25% equity ownership stake in Merian and manages its participation through Staatsolie, a wholly owned government corporation. The mine will operate under the banner of Newmont Suriname and will be managed as part of Newmont's South America region.
Newmont achieves commercial production at Merian Gold
Newmont Mining poured the first gold and declared commercial production at the Merian open-pit gold project in northeast Suriname on October 1. Declaration of commercial production was based on Merian mill throughput averaging 80% and gold recovery averaging more than 90% over the previous 30 days. The project came in on time and more than $150 million, or nearly 20%, under its initial development capital budget. The government of Suriname holds a fully funded 25% equity ownership stake in Merian and manages its participation through Staatsolie, a wholly owned government corporation. The mine will operate under the banner of Newmont Suriname and will be managed as part of Newmont's South America region.
Newmont achieves commercial production at Merian Gold
2016
Article (Journal)
English
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