Newmont reports Jundee operation results for the quarter ended Mar31/09. Gold ounces sold increased 3% in the first quarter of 2009 compared to 2008, due to increased mill throughput and mill ore grade, partially offset by additions to finished goods inventory. Costs applicable to sales per ounce decreased 16%, primarily attributable to higher production and the weakening of
the Australian dollar, which decreased costs applicable to sales by approximately $44 per ounce, partially offset by higher royalty costs.
Gold ounces sold increased 35% in the third quarter of 2008 compared to 2007 due to a change in the mining schedule resulting in higher tons mined from Westside with higher grade. Costs applicable to sales per ounce remained constant in the third quarter of 2008 from the third quarter of 2007 due to higher production offset by the strengthening of the Australian dollar, which increased Costs applicable to
sales by approximately $15 per ounce and higher fuel costs.
March 31, 2008
Gold ounces sold increased 47% in the first quarter of 2008 compared to 2007, primarily due to an 82% increase in mill ore grade and 7% higher mill recovery, partially offset by inventory sales in 2007. Costs applicable to sales per ounce decreased 25%, primarily attributable to higher production partially offset by higher underground mining and milling costs and the strengthening of the Australian dollar, which increased Costs applicable to sales by approximately $44 per ounce.
During 2007 mining was conducted from both the underground and open pit deposits with the open pit operation ceasing production in November 2007.
