TGM to boost output

By FRANK ASAELI
TOLUKUMA Gold Mine (TGM) is planning to build its gold production on the total output of 41,410 ounces last year, newly appointed general manager John Moore said.
The current TGM management will remain in place and that there are no planned changes to staff as a result of of ownership change from Emperor Mines Ltd to Petromin PNG Holdings Ltd.
TGM aims to restore gold production to around the 5,000oz per month level as a short-term goal and then reassess what can be achieved over the medium term.
Mr Moore said the underground mine continues to develop with declines being extended and engineering improvement projects underway.
“A new radio communications system is being commissioned underground, electrical systems are being upgraded and power factor correction equipment will be installed by mid March,” he said.