- Newmont now wholly owns the project.
- Production of the expanded Boddington project will begin in 2009.
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Western Australia’s Boddington Project Commences
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On July 23, 2009, Newmont announced the official start-up of its 100% owned Boddington gold mine.
"For a project of its size and complexity, Boddington represents a signature achievement not just for Newmont, but for our industry as a whole," said Richard O'Brien, President and Chief Executive Officer. "I am especially proud of how our employees from across the globe contributed to the successful delivery of this world-class project. As Newmont continues its safety journey, it is especially pleasing to see this project being an industry leader in safety performance."
Key operating highlights for Boddington are expected to include:
- First five year average annual gold production: ~1,000,000 ounces;
- First five year average costs applicable to sales, net of by-product credits: $300 per ounce;
- Proven and probable gold reserves: 20.1 million ounces; and
- Estimated mine life in excess of ~24 years.
For further information, please see our news release.
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