TORONTO (miningweekly.com) – TSX-listed Jinshan Gold Mines poured 8 525 oz of gold during August at its CSH mine, in Inner Mongolia, China, the best monthly performance since Jinshan started production in July 2007, the firm reported on Thursday.
The August production figure is also within 5% of the mine's design capacity of 9 000 oz/m.
Gold production has been rising at CSH this year, from around 6 900 oz in April, thanks to better controls on mining to improve the ore grade and ore size placed on the leach pad, as well as increasing the area under leach and leach solution pumping capacity, the company said.
Jinshan has also completed the installation of the crusher facility on site and has been operating the crusher on a testing and start-up basis since mid-August.
About 5 000 t/d of ore is being crushed to 80% passing 9 mm and throughput is gradually ramping up, as testing and adjustment of the various circuits is completed.
Jinshan said the crushing plant throughput should reach design capacity of 30 000 t/d early in the fourth quarter, which will likely be followed by a “substantive” increase in gold production from current levels.
Around 43 200 oz of gold was produced in the first eight months of 2009, compared with 35 500 oz for the same period in 2008.
Jinshan's biggest shareholder is China National Gold Corporation, a Chinese State-owned enterprise and the largest gold producer in China, which bought a 42% stake last year from Canada's Ivanhoe Mines.
Shares in Jinshan rose 6,9% on Thursday, to C$1,54 apiece by 12:58 in Toronto.
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