Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-Independence Group NL says construction at Nova project progressing well and 44% complete

Published 29/10/2015, 10:52 am
© Reuters. BRIEF-Independence Group NL says construction at Nova project progressing well and 44% complete
IGO
-

Oct 29 (Reuters) - Independence Group NL IGO.AX :

* Construction at the Nova project is progressing well and is currently 44% complete

* Project remains on schedule and on budget

* Nova project expected to commence commissioning in late 2016 and to produce first concentrates in December 2016.

* Says an optimisation study for the Nova project is underway and expected to be completed and released to the market in December 2015

* Qtrly tropicana jv production 118,204oz au (IGO's 30% share: 35,461oz au) produced at a cash cost of $624/oz au and aisc of $798/oz au sold

* Construction activities remain on track for commissioning in late 2016 "

* Says unaudited loss after tax for the September 2015 quarter of $49.9 million

* Says "production of first concentrates in December 2016"

Source text for Eikon ID:nASX1WHl5k

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.