https://www.engineeringnews.co.za

Record production for gold miner Blackham

8th March 2018

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The turnaround that started in December at the Matilda-Wiluna gold operation, in Western Australia, has delivered another record month of gold production for junior miner Blackham.

The miner in late December gained access to high-grade zones in the M4 and Galaxy pits, which enabled record monthly gold production in January and February, with output of 6 498 oz and 6 713 oz, respectively.

February’s openpit mining stripping ratio was a low 1.5:1 (waste to ore), compared with 3.6:1 in January. The low stripping ratio and increased gold production resulted in Blackham achieving a record low monthly all-in sustaining cost of A$912/oz in February, compared with A$1 158/oz in January. The average realised gold price during February was A$1 670/oz.

“Record production and further reduced costs from the operation underpinned another month of strong cash flow, while maintaining stockpiles with increased grades. We remain confident that 2018 will be a transformational year that will generate significant cash flows and value for Blackham and its shareholders,” said executive chairperson Milan Jerkovic.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.064 1.196s - 140pq - 2rq
Subscribe Now