PERTH (miningweekly.com) - Hong Kong-listed G Resources has completed its first gold pour at the Martabe mine, in Indonesia.
The miner said on Wednesday that the start of production at its core asset marked a significant milestone for the company.
“Now that we have secured first gold, we are on track to complete commissioning activities and ramp production up to full capacity over the coming months,” said CEO Peter Albert.
“At capacity of 250 000 oz/y of gold and 2.5-million ounces a year of silver, this will be one of the largest gold mines in Indonesia and Asia. And we are coming on stream at a time when the gold market continues to strengthen.”
The Martabe project, which has been in development for the past three years, has a resource base of some 7.86-million ounces of gold and 73.48-million ounces of silver.
Albert said on Wednesday that the company was now looking at expanding the Martabe operation through adding to its existing resource and reserve base, and stepping up exploration efforts.