Andy Well a winner in first full quarter - Doray
PERTH (miningweekly.com) – Gold miner Doray Minerals has confirmed itself as one of the lowest-cost gold producers in Australia, after reporting its first full quarter of production from its Andy Well mine, in Western Australia.
Doray produced 13 802 oz of gold during the three months to September, and reported cash operating costs of A$510/oz during August and September this year.
MD Allan Kelly noted on Friday that the inaugural production figures confirmed Doray’s new status as one of Australia’s highest-grade, lowest-cost gold producers.
“It’s been a milestone quarter for us and one of significant achievements, highlighted by our first gold pour in early August,” Kelly said.
“The company’s transition to high-grade gold producer is the culmination of a very dedicated, driven and experienced team of staff, management, contractors and consultants.”
Some 21 316 t of ore was mined during the quarter under review, at an average grade of 14 g/t, to deliver 9 604 oz of contained gold.
Underground development of the Andy Well mine was advanced during the quarter, and a total of 1 887 m had been developed underground. Access ramps from the northern decline to the southern part of the mine have also started, and ventilation and escapeways were installed prior to the start of stoping between the 1400 and 1415 levels.
Initial stoping started at the end of September, extracting ore from the northern end of the Wilber lode, below the base of the Stage 1 openpit mine.
During the quarter, the construction and commissioning of the gravity/carbon-in-leach plant was also completed, with practical completion achieved by the end of July.
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