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Ravenswood gold mine expansion project, Australia – update

Image of Ravenswood mine at night

Image of Ravenswood mine at night

Photo by Ravenswood Gold

21st April 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Ravenswood gold mine expansion project.

Location
North Queensland, Australia.

Project Owner/s
Ravenswood Gold bought the mine from gold miner Resolute Mining in 2020.

Project Description
The project has expanded the maximum capacity at the project from about five-million tonnes a year to between seven-million and eight-million tonnes a year, to produce between 180 000 oz/y and 210 000 oz/y of gold.

Potential Job Creation
More than 1 000 contractors were supported during the mine’s expansion, while its permanent workforce has increased to more than 430 with a further 220 permanent contractors.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
A$350-million.

Planned Start/End Date
The expansion of the mine was completed in April 2023.

Latest Developments
The Ravenswood gold mine is ramping up to full production.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Resolute Mining, tel + 61 8 9261 6100, fax + 61 8 9322 7597 or email contact@rml.com.au.
 

Edited by Creamer Media Reporter

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