https://www.miningweekly.com
Exploration|Gold|Mining|Resources|Underground
Exploration|Gold|Mining|Resources|Underground
exploration|gold|mining|resources|underground

Cracow fitting right in - Aeris

4th August 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The Cracow gold mine, in Queensland, has beaten production expectations in its first month of operation under the ownership of ASX-listed Aeris Resources.

Aeris on Tuesday announced that the mine had produced 8 138 oz of gold during the month of July, as the operation transitioned into the Aeris portfolio.

“Cracow has been a well-run operation so this is not about fixing things, it is about driving the asset hard and also ramping up exploration in line with our stated strategy. The next 12 months will be a really exciting time for both Cracow and Aeris,” said executive chairperson Andre Labuschagne.

Aeris at the start of July completed its A$125-million deal with gold miner Evolution Mining to acquire the Cracow mine, which is expected to produce between 70 000 oz and 75 000 oz of gold at a C1 cash cost of A$980/oz, in 2021.

Near-mine exploration work has already started at Cracow, and an underground diamond drill rig is expected to arrive on site in August to test a number of near-mine targets.

Edited by Creamer Media Reporter

Comments

Projects

Image of lithium ore
Bougouni lithium project, Mali – update
Updated 2 hours 17 minutes ago By: Sheila Barradas

Showroom

Showroom image
Alcohol Breathalysers

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

VISIT 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 

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:0.157 0.198s - 107pq - 2rq
Subscribe Now