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AHAFO / SUBIKA - NTOTOROSO
Featured

Au
1,386.63
USD/oz
0.01
green
http://www.infomine.com/investment/metal-prices/gold/
Data as of May 24, 2013 09:59PM UTC
Property News
News
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 71 items in 8 pages
February 21, 2013
Newmont Mining Corp. announced new reserve and/or resource estimates for CARLIN / CARLIN OPEN PITS, USA.
February 24, 2012
Newmont Mining Corp. announced increased reserves and resources in 2011.
February 24, 2011
Newmont Mining Corp. released its Annual report.
November 10, 2009
Franco-Nevada announced that the company has entered into agreements with Moydow Mines International for the acquisition of its 2% NSR royalty on a portion of Newmont’s Ahafo property in Ghana for consideration valued at US$58 million.
October 19, 2009
Moydow Mines International Inc. is issuing a press release regarding recent market speculation at the request of market regulation services on behalf of the Toronto Stock Exchange and in compliance with the AIM Rules. As previously reported, the company has received unsolicited offers for its 2% net smelter return royalty on the Ntotoroso gold property in Ghana and has appointed Sierra Partners LLC of Denver as financial advisor to consider strategic options to maximize shareholder value and it has held preliminary discussions with third parties expressing an interest in a potential transaction with the Corporation. The company further brings to the attention of the market certain information made public by Newmont Mining Corporation. Newmont has made public the fact that it is evaluating the potential of an underground mining operation at its Ahafo Mine in Ghana, a portion of which concerns land over which the company holds a 2% net smelter return royalty.
July 23, 2009
Newmont reports 6 month gold sales for the Ahafo Mine in Ghana for the quarter ended June 30, 2009. Gold ounces sold at Ahafo decreased 1% in the second quarter of 2009 compared to 2008 due to slightly lower mill recovery. Total tons mined increased to 15.2 million tons in the second quarter of 2009 from 14.4 million tons in the second quarter of 2008. Costs applicable to sales per ounce increased 10% in the second quarter of 2009 compared to 2008 due to less mined waste used in the construction of assets, higher labor, parts and consumables costs, higher contracted services costs and higher power costs, partially offset by lower diesel prices.
March 31, 2009
Newmont reported on Ahafo operations for the quarter ended Mar31/09. Gold ounces sold at Ahafo increased 37% in the first quarter of 2009 compared to 2008 due to higher mill ore grade and a reduction of in-process inventory, partially offset by lower mill throughput. Waste material mined increased to 11.1 million tons in the first quarter of 2009 from 9.7 million tons in the first quarter of 2008. Costs applicable to sales per ounce in the first quarter of 2009 compared to 2008 decreased 14% due to higher production, partially offset by higher contract services, consumables and royalty costs. Newmont continues to expect gold sales of approximately 500,000 to 525,000 ounces. Newmont has reduced the estimate of costs applicable to sales to approximately $425 to $450 per ounce in 2009 due to lower oil prices and improved power availability from the grid.
January 27, 2009
Newmont Mining Corp. released production results.
December 31, 2008
Gold ounces sold at Ahafo increased in 2008 compared to 2007 due to a 25% increase in mill ore grade and higher throughput, partially offset by an increase in in-process inventory. Total tons mined increased to 50.6 million tons in 2008 from 44.2 million tons in 2007, due to equipment additions, increased mining efficiencies and the operation of a third pit. Costs applicable to sales per ounce increased due to higher diesel, power, royalties, maintenance and contract services costs, partially offset by higher production. Amortization per ounce increased due to the use of additional equipment and the operation of a third pit.
December 31, 2008
Gold ounces sold at Ahafo increased in 2008 compared to 2007 due to a 25% increase in mill ore grade and higher throughput, partially offset by an increase in in-process inventory. Total tons mined increased to 50.6 million tons in 2008 from 44.2 million tons in 2007, due to equipment additions, increased mining efficiencies and the operation of a third pit. Costs applicable to sales per ounce increased due to higher diesel, power, royalties, maintenance and contract services costs, partially offset by higher production. Amortization per ounce increased due to the use of additional equipment and the operation of a third pit. Gold ounces sold at Ahafo increased in 2007 compared to 2006 as a result of a full year of production in 2007. Costs applicable to sales per ounce increased due to higher mining and milling costs. Mining costs increased primarily due to higher waste removal in the Apensu pit, higher fuel, pit dewatering and maintenance costs. Milling costs increased due to higher electricity and maintenance costs. Costs applicable to sales in 2006 also benefited from the capitalization of pre-production costs. Consolidated gold sales are expected to remain constant at approximately 500,000 to 525,000 ounces in 2009. Costs applicable to sales of approximately $450 to $475 per ounce is expected for 2009, primarily as a result of higher labor costs, a lower benefit from the capitalization of waste material used in the construction of assets, and higher fuel consumption.
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