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Alkane cuts costs at Tomingley

5th September 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold miner Alkane Resources has nearly halved its development costs at its Tomingley operation, in New South Wales, as gold production continued.

The miner on Friday reported that all-in sustaining costs had reduced from A$1 604/oz to A$849/oz, since the mine’s start in February this year.

The Tomingely project achieved its design capacity of one-million tonnes a year in May this year, and produced 16 348 oz of gold during the three months to June. During July and August, a further 15 398 oz of gold was produced.

The miner on Friday maintained its production expectations for 2015, which would see Tomingley produce between 60 000 oz and 70 000 oz.

Edited by Creamer Media Reporter

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