- Write by:
-
Wednesday, December 4, 2019 - 11:21:09 AM
-
686 Visit
-
Print
Mining News Pro - Joint venture partners Gold Fields and Gold Road Resources have officially opened the Gruyere gold mine in Western Australia.
According to Mining News Pro - Estimated to ramp up an average production of 300,000 ounces of gold annually, the mine is targeting output of between 75,000–100,000 ounces in 2019.
Gruyere, which was opened at a ceremony held at the site on December 3, is considered a globally significant Tier 1 gold operation with a current mine life of 12 years.
Gold Fields executive vice president Australasia Stuart Mathews said, “Gruyere is a good example of a gold mining operation which provides long-term jobs, sustained industry investment and ongoing spend and support to the local economy.”
The mine’s open pit gold mining and processing operations will provide employment for more than 250 employees and contractors, while another 700 workers were employed during construction.
Gold Road managing director and chief executive Duncan Gibbs said, “Gold Road is proud that our exploration success has led to the creation of employment and contracting opportunities in regional Western Australia, including for the Yilka people with whom we have forged a strong relationship.”
As Gruyere is the first operating mine on Yilka country, its key focus has been to work with the traditional owners alongside providing employment and further developing career pathways for the local community.
Mining and Petroleum Minister, Bill Johnston said, “The Gruyere project is vitally important to Western Australia, not only because of its gold output but also because it will provide around 250 jobs over the next 12 years and open up a new gold province.”
Short Link:
https://www.miningnews.ir/En/News/452616
![China’s central bank paused gold purchases in May after 18 months of buying](/Incsys/Photo.aspx?image=/Uploads/News/20240615005941412.jpg&width=236&height=180)
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 ...
![Gold price falls most in two years on jobs data, China buying pause](/Incsys/Photo.aspx?image=/Uploads/News/20240615003613938.jpeg&width=236&height=180)
Gold fell the most in more than two years as surprise strength in a key US jobs report dashed hopes that the Federal ...
![Global gold ETFs saw first inflows in a year in May, says WGC](/Incsys/Photo.aspx?image=/Uploads/News/20240615001925985.jpg&width=236&height=180)
Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by ...
![Opening of new mines boosts Ivory Coast 2023 gold output](/Incsys/Photo.aspx?image=/Uploads/News/20240615001311063.jpg&width=236&height=180)
Ivory Coast’s gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow ...
![Glencore said to weigh selling stake in Kazakh miner Kazzinc](/Incsys/Photo.aspx?image=/Uploads/News/20240611205715107.jpg&width=236&height=180)
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in ...
![Mali gold mining revenue fell by 26% in 2023](/Incsys/Photo.aspx?image=/Uploads/News/20240611204851913.jpg&width=236&height=180)
State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west ...
![Gold purchases by central banks were strong in April despite high prices](/Incsys/Photo.aspx?image=/Uploads/News/20240610020735558.jpg&width=236&height=180)
Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in ...
![Probe Gold to raise $11 million for Quebec exploration](/Incsys/Photo.aspx?image=/Uploads/News/20240606201728757.jpg&width=236&height=180)
Probe Gold is looking to raise more than C$15 million ($11 million) via a private placement led by Beacon Securities and ...
![Funds are most bullish on gold in four years as prices hit record](/Incsys/Photo.aspx?image=/Uploads/News/20240528184631198.jpeg&width=236&height=180)
Money managers became the most bullish on gold in more than four years as prices surged to a fresh record earlier this ...
No comments have been posted yet ...