Photo by: Bloomberg
PERTH (miningweekly.com) – Copper/gold miner Sandfire Resources has maintained its full-year guidance after another solid quarter of production at its DeGrussa operations, in Western Australia.
During the three months to September, the DeGrussa mine delivered 15 610 t of contained copper and 9 731 oz of contained gold. This compares with 17 827 t of copper and 11 227 oz of gold delivered in the previous quarter.
Sandfire told shareholders on Thursday that mining performance during the quarter reflected the continued focus on production scheduling, reliable stoping design and excavation, as well as improving mining fleet productivity.
Opportunities to further enhance production would be explored, the miner said.
A total of 52 665 t of concentrate, containing 12 437 t of copper and 7 482 oz of gold, was sold during the quarter, with shipments completed from Port Hedland and the Port of Geraldton.
Sandfire maintained its targeted copper production of between 65 000 t and 68 000 t for the full 2017, while gold production is expected to reach between 35 000 oz and 40 000 oz during the full year.