https://www.miningweekly.com

RNC declares commercial production at Beta Hunt mine in Australia

21st June 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – TSX-listed copper and gold producer RNC Minerals has declared commercial production at the Beta Hunt mine, in Western Australia.

The Toronto-headquartered company announced on Tuesday that Beta Hunt has met the commercial criteria of producing at least 3 500 oz of gold over a one-month period, which is equal to an annualised production rate of 42 000 oz.

The company reported that mine performance has improved significantly during the second quarter, with an average mining rate of about 1 600 t/d, 40% higher than the first-quarter average.

Mined gold grades during the month leading up to declaring commercial production averaged more than 2.3 g/t, 35%-plus higher than average grades in the first quarter.

"Achievement of commercial production at Beta Hunt is a key milestone. The Beta Hunt production ramp-up is now on track, with significant improvements in both mining rates and gold grades,” president and CEO Mark Selby said.

The improved development rates have also allowed the mining team to access and bring into production other mining areas as gold production ramps up.

RNC expects to produce between 50 000 oz and 60 000 oz of gold this year, at net all-in sustaining costs of $1 100/oz to $1 200/oz, falling to between $900/oz and $1 000/oz by the fourth quarter.

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

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:0.071 0.106s - 112pq - 2rq
Subscribe Now