https://www.miningweekly.com

Alkane reports higher cost at Tomingley

Alkane reports higher cost at Tomingley

Photo by Bloomberg

27th July 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Alkane Resources has reported higher all-in sustaining costs (AISC) at its Tomingley operations, in New South Wales, during the quarter ended June 30, as waste stripping at the new opencut at Wyoming One ramped up.

During the three months under review, AISC reached A$1 700/oz at Tomingley, up from the A$1 552/oz reported in the previous quarter.

Some 14 128 oz of gold was poured during the quarter, up from the 13 947 oz poured in the previous quarter; however, the volume of gold sold during the quarter declined to 14 500 oz, from the 16 000 oz sold in the March quarter.

Gold revenue for the June quarter reached A$21.4-million.

Alkane noted that gold production at Tomingley for the 2015 financial year was within guidance of 65 000 oz to 75 000 oz, with the mine having produced 69 612 oz for the 12 months.

Full-year gold sales of 70 734 oz provided revenues of A$101.9-million, with gold prices averaging A$1 441/oz.

Alkane was also developing the Dubbo zirconia project in New South Wales.

During June, the New South Wales Planning and Assessment Commission gave development consent for the project, bringing it one step closer to production.

The project was expected to extract 19.5-million tonnes of rare metals and rare-earth ores from an opencut mine, over a 20-year mine life, at a rate of one-million tonnes a year.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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







sq:0.163 0.205s - 106pq - 2rq
Subscribe Now