- Write by:
-
Saturday, February 23, 2019 - 10:03:41 AM
-
667 Visit
-
Print
Mining News Pro - Golden Star Resources has boosted the inferred resource at its Father Brown gold project in Ghana 93% to 2.3 million tonnes grading 6.4 grams gold per tonne for 474,743 oz. gold. It also updated the project’s indicated resource, which now totals 981,465 tonnes at 7.5 grams gold for 237,897 oz. gold.
According to Mining News Pro - Father Brown consists of the Father Brown and Adoikrom pits, which the company mined from 2011 to 2015, processing roughly 2.2 million tonnes at 4 grams gold to produce 300,000 oz. gold. It’s located 85 km along an existing haul road from the company’s Wassa plant. The updated resource incorporates 18 new holes Golden Star drilled totaling over 8,800 metres.
The company produced and sold less gold in 2018 than it did in 2017. It recorded lower gold revenues and a net $18 million loss attributable to shareholders, compared to a net $38 million gain the year before.
In a prepared statement, company president and CEO Sam Coetzer characterized 2018 as a year “of transition,” when Golden Star “began to cease open pit mining and worked towards being an underground only producer.”
Golden Star sold 12,307 oz. gold from its Wassa Main pit, compared to 75,644 oz. gold the year before. It sold 137,261 oz. gold from Wassa Underground, however, compared to 61,498 oz. gold the year before.
Overall, the company produced 224,784 oz. gold in 2018, down from 267,565 oz. the year before; it sold 224,979 oz. gold, down from 267,335 oz. gold the year before. Its all-in sustaining costs also rose from $944 per oz. gold in 2017 to $1,107 per oz. gold in 2018.
The company expects to produce between 220,000 and 240,000 oz. gold in 2019 at $875-$955 all-in sustaining costs.
Short Link:
https://www.miningnews.ir/En/News/338545
Mining News Pro - West Australian gold explorer Focus Minerals has approved a plan to resume mining operations at its ...
Mining News Pro - Red 5 has continued attracting attention at its King of the Hills (KOTH) gold project in Western ...
Mining News Pro - Red 5 has continued to defy labour-shortage obstacles as it passed the halfway mark in constructing ...
Mining News Pro - Aura Energy has restarted field work at its Tasiast South gold and base metals project in Mauritania.
Mining News Pro - Strickland Metals has acquired the Millrose gold project for $10 million, taking its resource base in ...
Mining News Pro - Calidus Resources has maintained plans to begin mining at the Warrawoona gold project in the Pilbara ...
Mining News Pro - St Barbara will potentially increase the nameplate capacity at the Simberi gold operation in Papua New ...
Mining News Pro - Calidus Resources has boosted its production expectations at the Warrawoona gold project in Western ...
Mining News Pro - GR Engineering has won a contract to build a processing plant at the Norseman gold project in the ...
No comments have been posted yet ...