https://www.engineeringnews.co.za

Silver Lakes achieves record gold sales

30th January 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) - ASX-listed Silver Lake Resources has reported record gold sales for the three months to December, following its merger with fellow miner Integra Mining.

The A$426-million merger was concluded earlier this month, and saw Silver Lake handing over one of its own shares for every 6.28 Integra shares held to create a 200 000 oz/y company, with the aim of doubling production to 400 000 oz/y by 2014.

Silver Lake on Wednesday reported that gold sales for the three months under review reached 28 123 oz, with the interim sales totalling 52 410 oz.

Pro-forma quarterly gold production was reported at 45 303 oz for the three months to December, and 88 164 oz for the first half of the financial year.

At the Mount Monger operations, some 140 078 t of ore was mined during the quarter to produce 23 397 oz of gold. Gold-in-ore production from the underground and openpit mines totalled 58 393 oz during the six-month period.

At the Randalls operation, some 145 386 t of ore was mined during the three months, resulting in a gold production of 10 768 oz. In the six months until the end of December, 263 206 t of ore was mined, resulting in a gold production of 19 602 oz.

Meanwhile, Silver Lake reported that significant progress had been made on the construction and commissioning of the 1.2-million-ton-a-year processing facility at the Murchison gold project.

Wet commissioning of the mill, as well as other key componentry and the carbon-in-leach circuit would be completed by the end of January, with first gold pour targeted for mid-February, after allowing for a build-up of gold in circuit stocks, following the completion of wet commissioning.

Looking ahead, the company expected to produce and sell between 175 000 oz and 195 000 oz of attributable gold during the full year ending June.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

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:0.049 0.53s - 140pq - 2rq
Subscribe Now