- Write by:
-
Friday, July 24, 2020 - 1:26:12 PM
-
644 Visit
-
Print
Mining News Pro - Gold Road Resources has reported record production at the Gruyere joint venture (JV) project with Gold Fields in Western Australia, stating that COVID-19 had no material impact on its output.
The JV delivered 71,685 ounces of gold during the June quarter and is on track to meet its full-year guidance of 250,000–285,000 ounces.
It celebrated Gruyere’s first 12 months of production in June, having produced 230,590 ounces since the first pour of gold.
The amount of ore processed (2.2 million tonnes) during the quarter also exceeded nameplate production rates. This was achieved at a head grade of 1.06 grams per tonne and a gold recovery of 93.1 per cent.
Gold Road, however, expects a lift in all-in sustaining costs (AISC) for this year, up from the previous guidance of $1100–$1200 to $1150–$1250.
This is driven by higher royalty payments attributable to an appreciating gold price, increased maintenance costs, tailings dam expenditure and COVID-19-related expenditure.
The JV started construction of the tailings dam lift in the previous quarter, with the project now approximately 65 per cent complete.
Gold Road expects to complete mobilisation of the second fleet of new generation Komatsu 830E trucks in the third quarter, with CAT 785 trucks already on-site for stockpile rehandling.
The company also continued its exploration program at the Gruyere site, Yamarna project and Lake Grace JV with Cygnus Gold in Western Australia during the three-month period.
Short Link:
https://www.miningnews.ir/En/News/572459
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
No comments have been posted yet ...