Red 5 will move the Darlot underground gold mine in Western Australia into a medium-term high-grade feed source for the King of the Hills (KOTH) processing plant as part of its strategy to drive down costs.
Global gold production is edging higher as demand in the June quarter bounced back to levels seen last year following an increase in consumer investment, World Gold Council’s (WGC’s) latest trends report has revealed.
Gold Road Resources all-in sustaining cost has risen to $1659 per ounce in the June quarter after facing processing plant issues at the Gruyere gold mine in Western Australia.
Poseidon Nickel has outlined in a definitive feasibility study that its Windarra tailings project in Western Australia could produce up to 55,200 ounces of gold in under four years.
OZ Minerals has increased its copper production by 22 per cent following strong performance at its Prominent Hill and Carrapateena copper-gold mines in South Australia.
Newmont has increased gold production during the June quarter thanks in part to higher grades and throughput at the Boddington mine in Western Australia.
Northern Star Resources has delivered synergies from its merger with Saracen Mineral Holdings ahead of schedule after smashing production, gold sales and cash flow targets.
Newcrest Mining has confirmed that a seismic event at the Cadia gold-copper mine in New South Wales this month will not impact production at the site, which continues to set cost records for the company.
Evolution Mining has boosted its production targets after agreeing to buy Northern Star Resources’ Kundana assets in Western Australia for $400 million.
Red 5 has grown its underground resource at the King of the Hills gold project in Western Australia with a 19 per cent increase that could help to extend the site’s 4.5-year mine life.