Photo by: Bloomberg
PERTH (miningweekly.com) – ASX-listed Alkane Resources has reported higher all-in sustaining costs (AISC) at its Tomingley operations, in New South Wales, during the quarter ended June 30, as waste stripping at the new opencut at Wyoming One ramped up.
During the three months under review, AISC reached A$1 700/oz at Tomingley, up from the A$1 552/oz reported in the previous quarter.
Some 14 128 oz of gold was poured during the quarter, up from the 13 947 oz poured in the previous quarter; however, the volume of gold sold during the quarter declined to 14 500 oz, from the 16 000 oz sold in the March quarter.
Gold revenue for the June quarter reached A$21.4-million.
Alkane noted that gold production at Tomingley for the 2015 financial year was within guidance of 65 000 oz to 75 000 oz, with the mine having produced 69 612 oz for the 12 months.
Full-year gold sales of 70 734 oz provided revenues of A$101.9-million, with gold prices averaging A$1 441/oz.
Alkane was also developing the Dubbo zirconia project in New South Wales.
During June, the New South Wales Planning and Assessment Commission gave development consent for the project, bringing it one step closer to production.
The project was expected to extract 19.5-million tonnes of rare metals and rare-earth ores from an opencut mine, over a 20-year mine life, at a rate of one-million tonnes a year.