Allied Minerals Reduces Cash Costs
by 10% At Henan Gold Mine
Shanghai mining exploration company Allied Minerals
today announced that its cash costs over the past 12 months
have been reduced by 9.
8%
Apr.
12, 2013 - PUDONG, China -- Mr Kevin Dao, Chief...
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Allied Minerals Reduces Cash Costs
by 10% At Henan Gold Mine
Shanghai mining exploration company Allied Minerals
today announced that its cash costs over the past 12 months
have been reduced by 9.
8%
Apr.
12, 2013 - PUDONG, China -- Mr Kevin Dao, Chief Executive Officer at
Allied Minerals, a precious metals exploration company headquartered in
Shanghai China, has today revealed that the company s cash costs per ounce
of gold extracted have been reduced from $670 /oz to $610 /oz, which is a
reduction in overheads for the company of 9.
8% at the Allied Minerals
primary mine in Henan province in Eastern China.
Mr Henry Huan an Executive Director at Allied Minerals, who has been with
the company since its foundations said “Allied Minerals is undergoing
aggressive expansion in 2013 and has invested a great deal in its newer
projects at Liaoning and Shandong, so for us to discover that our average
cash cost at our main site has gone down is wonderful news”.
According to Mr Kevin Dao, Chie
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