- Write by:
-
Wednesday, February 17, 2021 - 12:31:16 PM
-
526 Visit
-
Print
Mining News Pro - St Barbara is plotting a strategy to increase production at the Gwalia gold mine in Western Australia after output fell in 2020 due to a series of challenges.
St Barbara declared an operational profit of around $17 million from the Leonora operation last year, a decline of 133 per cent from 2019.
The company produced around 64,000 ounces of gold at Gwalia in the second half of last year, compared with around 80,000 ounces in the prior corresponding period.
The lower production boosted St Barbara’s all-in sustaining cost at Leonora from $1513 per ounce to $1933 per ounce in the same period.
St Barbara noted this was the impact of a seismic event that led to the closure of the Gwalia decline last year.
The company also delivered a “planned prioritisation of mine development” to prepare the Gwalia mine for production during the first half of this year.
St Barbara managing director Craig Jetson said the company was in a strong financial position that afforded it the opportunity to support growth projects across all three of its operating jurisdictions.
The company is evaluating the sulphide mineralisation found below the oxide pits on the Simberi mine in Papua New Guinea.
St Barbara’s shift from processing transitional oxide to sulphide ore led to a lower recovery at Simberi duringx the second half of last year.
“In the coming months, we will provide an update on the sulphide feasibility study at Simberi, the Leonora province plan and submit environmental impact statements for Atlantic Gold’s growth projects,” Jetson said.
St Barbara delivered record production of nearly 54,000 ounces at Atlantic Gold during the half year.
The company gave credits to the continuous improvements in the processing plant, which subsequently increased the mill throughput.
St Barbara is conducting resource drilling near mine areas at Atlantic Gold and the surrounding Nova Scotia region.
Short Link:
https://www.miningnews.ir/En/News/610488
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
No comments have been posted yet ...