Lihir Gold Second-Quarter Production Declines 17%
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Lihir Gold Ltd., which agreed to a A$9.7 billion ($8.7 billion) takeover by Newcrest Mining Ltd., reported a 17 percent decline in second-quarter production as heavy rain affected mining at its African project.
Output fell to 243,925 ounces in the three months ended June 30, the Port Moresby, Papua New Guinea-based company said today in a statement. That compares with 294,024 ounces a year earlier.