Location:
USA, Nevada
Nearest Landmark:
ELKO
Distance from Landmark:
40 km
Direction from Landmark:
West
Latitude:
40 Degrees 47 Minutes (North)
Longitude:
116 Degrees 11 Minutes (West)
Newmont reported on it's Nevada mining operations for the quarter ended Mar31/09. Gold ounces sold in Nevada decreased 2% in the first quarter of 2009 from 2008 due to lower leach tons placed and lower mill ore grade, partially offset by higher mill recovery rates. Surface ore mined in the first quarter of 2009 decreased to 6.3 million tons, down from 8.4 million tons in the
previous year quarter primarily due to mine sequencing at Gold Quarry. Ore placed on leach pads in the first quarter of 2009 decreased 45% from the first quarter of 2008 to 2.6 million tons due mainly to mine sequencing at Gold Quarry. Costs applicable to sales per ounce increased to $509 in the first quarter of 2009, for all Carlin operations, from $409 per ounce in the first quarter of 2008 due to lower production, lower surface ore tons mined, higher underground contracted service costs, lower by-product credits and higher royalties, partially offset by lower diesel and power costs.