PanAust forecasts higher Phu Kham gold output in 2015
PERTH (miningweekly.com) – Metals miner PanAust on Tuesday reported that gold production from its Phu Kham operation, in Laos, would increase in the 2015 on the back of higher grades, while copper output would increase in 2016 on a revised life-of-mine schedule for the KTL satellite pit, which would feed ore to the Phu Kham concentrator from late in 2015.
During the three months to June, the Phu Kham mine produced 16 547 t of copper in concentrate and 13 463 oz of gold, compared with the 18 123 t of copper in concentrate and 16 149 oz of gold produced in the three months to March.
The weaker copper performance during the June quarter resulted from a decrease in the tonnes of ore milled, as a result of a scheduled shutdown in April. The effect on production was partially offset by a higher copper head-grade and improved metallurgical recovery.
During 2015, gold production at Phu Kham was expected to rise to over 85 000 oz, PanAust reported.
Meanwhile, the Ban Houayxai operation, also in Laos, poured 24 734 oz of gold during the three months to June, and 190 600 oz of silver, which compared with the 23 356 oz of gold poured in the three months to March, and the 197 316 oz of silver.
Production at Ban Houayxai was positively influenced by a monthly record for material mined during May, with the ore processing rate reaching 4.3-million tonnes a year during the quarter under review, despite the low mill use caused by a temporary shortage of grid power and crusher downtime following a vibrating feeder breakdown.
Looking ahead, PanAust noted that its operations were on schedule to meet the upper end of the full-year production guidance, with copper-in-concentrate expected to reach between 65 000 t and 70 000 t, while gold production would be between 160 000 oz and 165 000 oz, and silver production estimated at around 1.2-million ounces.
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