https://www.miningweekly.com

Henty production steady as mine nears life-end

Henty production steady as mine nears life-end

Photo by Bloomberg

15th April 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Tasmania-focused gold miner Unity Mining has delivered its fourth consecutive quarter of strong results, with its Henty mine producing 15 829 oz of gold.

Gold production during the three months to March well outstripped the 11 370 oz of gold produced during the December quarter. The mine was expected to cease production at the end of 2015.

Unity MD and CEO Andrew McIlwain said on Wednesday that stopes mined from the Read zone and Darwin South deposits yielded higher than forecast grades, with an average milled head grade of 8.3 g/t gold.

“Importantly, the quarterly production of 15 829 oz has come at a time of buoyant Australian dollar gold prices and resulted in a substantial increase in cash at back, which now stands at A$26.8-million, including the proceeds of gold sold that was transit at the end of the quarter.”

McIlwain noted that with the Henty mine delivering strong operational results, paired with tight cost control and improved prices, Unity had also substantially grown its cash positions.

Meanwhile, he noted that while ore grades and production rates were anticipated to moderate over the remainder of the mine plan, the Henty team would continue to focus on the profitable recovery of the known mining inventory.

Edited by Creamer Media Reporter

Comments

Projects

Location map of the Antler copper project
Antler copper project, US – update
Updated 2 hours 30 minutes ago By: Sheila Barradas

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.197 0.23s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: