Crater sells first gold from PNG mine after plant upgrade

June 7, 2016

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ASX-listed Crater Gold Mining’s general manager for Papua New Guinea, Richard Johnson, said on Tuesday that the company’s objective of becoming a profitable, low-cost, high-margin gold producer was nearing fruition, with the High Grade Zone (HGZ) project’s upgraded processing plant now operational.
Crater reported that it had sold its first gold since installing and commissioning a new custom-made gold processing plant at the HGZ, at Crater Mountain, earning the company $351 000.

Category: General