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Tembang reports first production quarter

1st February 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – The Tembang gold mine, in Indonesia, delivered 2 743 oz of gold and 63 992 oz of silver during the three months ended December 31, after delivering its first gold in September last year.

Owner Sumatra Copper & Gold said on Monday that the Balinau underground mine continued to ramp up to full production during the quarter, with  8 439 t of ore mined during the quarter, at an average grade of 5.53 g/t gold and 132 g/t silver.

Openpit mining also continued to ramp up during the quarter, with 92 278 t of ore delivered, at an average grade of 0.86 g/t gold and 21.7 g/t silver.

During the quarter under review, Sumatra sold 804 oz of gold and 32 151 oz of silver, generating revenue of $1.3-million.

At full production, Tembang is expected to produce about 33 000 oz/y of gold and 345 000 oz/y of silver at a cash operating cost of $470/oz.

Edited by Creamer Media Reporter

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