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Westgold sets new production target

21st July 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Westgold has reinstated its production outlook for the 2020/21 financial year, with the miner now anticipating a production of between 270 000 oz and 300 000 oz during this time.

Westgold earlier this year withdrew its production guidance owing to the uncertainty around the Covid-19 pandemic and the short-term hindrances impacting the ramp-up of production at the Big Bell mine, in Western Australia.

Executive chairperson Peter Cook said that the current impact of the pandemic was now well understood and had been factored into the revised guidance.

“The short-term hindrances associated with mining at Big Bell that caused delays to the ramp-up are no longer expected to materially impact production. Further, the excellent results that extended the strike length and tonnes per vertical meter within the cave have now been incorporated into the ramp-up schedule,” said Cook.

Cash costs for the financial year are expected to reach between A$1 200/oz and A$1 300/oz, while all-in sustaining costs have been estimated at between A$1 460/oz and A$1 560/oz.

Edited by Creamer Media Reporter

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