Asset Report
Jubilee (Closed) gold mine
Report summary
In March 2001 New Hampton Goldfields was acquired by Harmony Gold. Western Australia introduced a royalty on gold production of 1.25% from July 1998. The royalty increased to 2.5% in July 2000 at gold prices above A$450/oz; remaining at 1.25% if the price is below A$450/oz. In the accompanying analysis we have assumed an effective royalty rate of 1.875% for calendar 2000, and 2.5% for 2001 onwards. The lease area is enveloped by the New Celebration tenements; the ore-body is an extension...
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