Doray hits record quarter at Deflector
PERTH (miningweekly.com) – Gold miner Doray Minerals has reported record quarterly production from its Deflector mine, in Western Australia, exceeding company expectations.
Gold production during the March quarter reached 18 551 oz, with 966 t of copper also produced. This compared with the 16 810 oz of gold and 833 t of copper produced in the previous quarter from the Deflector mine.
The increase in production for the March quarter resulted from higher ore grades, as underground development at Deflector continued.
“This quarterly production at Deflector represents an annualised rate in the order of 75 000 oz of gold plus copper credits, which provide approximately 25% additional revenue. This overall performance is exceeding expectations on all metrics and is a significant improvement from what was contemplated in the life-of-mine model,” said Doray MD Leigh Junk on Tuesday.
During the quarter under review, Doray sold 18 240 oz of gold, generating revenues of A$38.7-million.
Junk noted that the quarterly results were further strengthened by Doray’s exploration success at the Da Vinci deposit, as well as new discoveries within the Deflector mine.
“We have successfully executed the turnaround strategy and Doray is now in the strongest position that it has been in recent years with its cash and debt positions,” he added.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation