Saracen smashes production records
PERTH (miningweekly.com) – Gold miner Saracen on Wednesday said that it was on track to achieve record full-year production of between 125 000 oz and 135 000 oz, after a record quarterly production of 36 430 oz.
“Our Carouse Dam operations have recorded consecutive production records, with 32 038 oz in the December quarter being eclipsed by 36 430 oz in this March quarter,” said Saracen MD Raleigh Finlayson.
“The most pleasing aspect of our latest production record is that it was achieved with only 14% of ounces being contributed from the Red October underground mine, versus 27% in the previous quarter, as the mine focused on development work in the Central lode.”
Finlayson noted that this work highlighted the contribution being made from the openpit operations, particularly the Deep South operation.
Openpit mining expenditure was set to reduce dramatically over the next two quarters, Saracen said, with the reduction of half the mining fleet, following the completion of the Deep South and Karari openpits.
Meanwhile, Finlayson also noted that the major capital works at the Red October underground mine, to establish the primary ventilation network and access to the Central lode, was also largely completed, with the company’s focus now reverting to ore production on multiple stoping horizons.
“We are ahead of our revised production guidance, which we increased to 125 000 oz to 135 000 oz in December, on the back of a strong start to the calendar year, which is set to continue.”
Comments
Research Reports
Projects
Showroom
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
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
