Newmont Publishes 2014 Sustainability Report
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Newmont Mining (NEM) Announces Building Plans for First Phase of Long Canyon
April 8, 2015 4:10 PM EDTNewmont Mining (NYSE: NEM) announced that it will build the first phase of Long Canyon, an oxide mine with significant upside potential in an emerging gold district located less than 100 miles from its existing Nevada operations.
The first phase of development consists of an open pit mine and heap leach operation with expected gold production of between 100,000 and 150,000 ounces per year over an eight year mine life at an estimated all-in sustaining costi of between $500 and $600 per ounce. At current gold prices, the project is expected to generate around $100 million in EBITDAii annually,... More
