PERTH (miningweekly.com) – Metals miner Gindalbie Metals on Friday went into a trading halt, pending an announcement around its Karara iron-ore project, in Western Australia.
The trading halt would remain in place until January 12.
Gindalbie has been working to increase production at Karara while reducing unit cash costs at the operation.
During the quarter ended September, the mine produced 1.85-million tonnes of magnetite concentrate, which was an increase of 8% over the previous quarter, while unit costs declined by 4.9%.