https://www.miningweekly.com
Contractor|Gold|Mining|Resources|Operations
Contractor|Gold|Mining|Resources|Operations
contractor|gold|mining|resources|operations

WPG lowers production expectations

25th June 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold producer WPG Resources has again lowered its full-year production expectations as its Challenger mine, in Western Australia, continued to disappoint.

WPG previously forecast a combined production of between 58 000 oz and 60 000 oz for its Challenger and Tarcoola operations. However, the company at the start of June warned shareholders that gold production would likely be about 56 000 oz for the full year, as a new strategy is developed for the Challenger operation.

WPG on Monday told shareholders that despite the best efforts by the company’s management and its mining contractor, gold production at Challenger continued to disappoint.

As a result, the miner has downgraded production targets for the month of June from 8 500 oz to 6 000 oz, while full-year production has been downgraded to 53 000 oz.

Edited by Creamer Media Reporter

Comments

Projects

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:1.033 1.07s - 130pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: