GOLD MINERS ROUNDUP
MAY 2018 • E&MJ; 33 www.e-mj.com
Reduce shovel hang time
Virtually eliminate re-spotting
Equalize operator capability
& performance
www.modularmining.com
Building
tomorrow's
technologies
for today's mines
GUIDED SPOTTING
GET RIGHT
TO THE
SPOT
CIM
Booth
940
UP TO 34
%
INCREASE IN SHOVEL PRODUCTIVITY
*
*achieved at customer site
reserves are located within the operating
assets. The Krasnoyarsk Business Unit has
28 million oz at Olympiada and 9.6 million
oz at Blagodatnoye. "Ore reserves at Vern-
inskoye and Kuranakh were recorded at 5.1
million oz and 4.4 million oz, respectively,"
Polyus reported. "Natalka has estimated
ore reserves of 16 million oz." The average
grade is reportedly 1.8 g/mt, "inclusive of
alluvial operations and lower grade ore for
heap leaching operations," the company
reported. "The gold grade of ore to be pro-
cessed in plants stands at 2 g/mt."
The company expects to produce be-
tween 2.38 million oz and 2.43 million oz
in 2018. "In the second half of the year,
we anticipate Natalka to be fully ramped
up," the company reported. "We will also
continue with debottlenecking initiatives
at our existing operations that have already
strongly contributed to our operational re-
sults during the last several years."
No. 8 Gold Fields (2.158M Oz)
Gold Fields reported its revenue for 2017
rose by 3% yoy to $2.76 billion. Profits be-
fore taxes fell 57% yoy to $152.4 million.
After taxes, the company posted a $20.8
million loss. Debt rose $137 million, or
11% yoy. Capital expenditures hit $840
million. Net cash flow fell by almost $300
million. Company-wide total gold output
rose 1% yoy. The company reported it met
its goals. "Despite operating in a difficult
economic environment — the gold price
has fallen by almost 20% over the five-
year period — Gold Fields has continuous-
ly met its production and cost targets and
generated $419 million in net cash-inflow
over that period," the company reported.
"Attributable production for the year was
above our guided 2.1 million oz to 2.15
million oz and 2016 production."
The company's mines in Ghana, Peru
and Australia "generated $483 million
(excluding growth capital at Gruyere and
Damang) in cash by exceeding produc-
tion targets and controlling costs," Gold
Ultimately pouring gold doré is what it's all about (left). A twilight photo captures Lihir's processing facilities
(above) in the South Pacific. (Photos: Newcrest Mining)
