PERTH (miningweekly.com) – Gold miner Beadell Resources has again revised its gold sales expectations for the quarter ended June.
Gold sales for the quarter are now expected to reach 21 000 oz, down from the 25 000 oz to 28 000 oz previously predicted for the quarter, with gold production expected to reach between 22 000 oz and 23 000 oz.
Beadell noted on Thursday that the wet season abated earlier than anticipated, which resulted in a 109% material movement increase from the openpits during the month of June, compared to May.
However, gold sales towards the end of the month were affected by the timing of processing the increased ore available to the mill, with 41 000 t of high-grade broken ore stocks available to be milled at the end of the month.
The increased run-of-mine stockpiles, enlarged earthmoving fleet and mining conditions towards the end of the year left Beadell in a good position to meet its sales guidance of 170 000 oz to 190 000 oz, the miner said.