Twin Underground To Average Between 30,000 And 40,000 Ounces A Year

DENVER, CO - Newmont Mining Corporation reported that the expansion at Twin Underground is expected to average between 30,000 and 40,000 ounces per year for the first five years (2018 to 2022). Capital costs are expected to be between $45 and $55 million with expenditure of $15 to $25 million in 2018. The project IRR is expected to be about 20 percent at a $1,200 gold price.that Twin Underground is a portal mine beneath Twin Creek’s Vista surface mine, with similar mineralization. First production was achieved in August 2017 with commercial production expected mid-2018. 

The company’s address is 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, CO 80111, 303.863.7414.