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Mining costs set to fall, says Northern Star chief
Costs in the mining industry will flatten and may well fall over the next six months, Northern Star Resources Managing Director Bill Beament has predicted.
In an exclusive interview in The Australian today, Mr Beament says there has been a “real structural change” in the industry over the past year which is about to generate benefits for investors.
“I think you will see costs plateau if not potentially fall in the next two quarters,” he says.
Northern Star, which owns the highly successful Paulsens gold mine in WA, has defied rising expenses in the mining industry to reduce its costs by 20 per cent over the past two years.
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