The Newmont Mining Corporation sold 126,000 ounces of gold from Turkey’s Ovacik mine at a total cash cost of $122 per ounce. This was the first full year of operations at Ovacik.
The 100 percent owned Ovacik Gold Mine in eastern Turkey poured its first gold in May 2001, following more than a decade of exploration, construction and environmental permitting by Normandy and its predecessors. The deposit's epithermal quartz veins contain ancient mine workings, including shallow pits, shafts and stopes, thought to date back to Roman times.
To overcome environmental issues, the plant incorporates a unique cyanide destruction system for processing fluids, a sealed tailings pond and a zero discharge system for wastewater. — (menareport.com)
© 2003 Mena Report (www.menareport.com )