Mining is set to return to the Northern Territory's former centre of gold production, as prices for the precious metal hit record highs this year.
Mining is set to return to the Northern Territory's former centre of gold production , with the Nobles Nob operation to reopen near Tennant Creek .
Managing director Peter Main said restarting the mine could bring in 65,000 ounces of gold annually, starting from next year."Average costs are at around $1,500 per ounce, so when you look at the current gold price there's a fair bit of margin in there."How will this help the economy? "We're backing projects like the Nobles project and its processing facilities because it will create hundreds of work opportunities for Territorians and deliver a major boost to the Territory's economy," he said.
Mining Gold Mining Gold Production Nobles Nob Mine Juno Mine Warrego Mine Tennant Mining Mark Monaghan Peter Main Jobs In Tennant Creek Gold Price
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