Saracen hopes for Thunderbox contribution in 2016
PERTH (miningweekly.com) – The Thunderbox mine, in Western Australia, could add 20 000 oz of gold to ASX-listed Saracen Mineral Holdings' 2016 production.
The development of the mine was some three months ahead of schedule and Saracen has previously said that first gold production was anticipated during the June 2016 quarter.
To date, Saracen was on track to produce between 150 000 oz and 160 000 oz of gold from its Carosue Dam operation in 2016, after the mine delivered 38 140 oz during the first quarter ended September.
“We are set to double production to 300 000 oz/y at an all-in sustaining cost of less than A$1 075/oz,” said Saracen MD Raleigh Finlayson.
“This will result in Saracen having significant production scale, strong cash flow, no debt and long project life.”
The A$65-million Stage 1 Thunderbox openpit operation would deliver 597 000 oz of gold, over an initial mine life of four-and-a-half years and, along with organic growth at Carosue Dam, would effectively double Saracen’s gold output to about 300 000 oz/y.
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