PERTH (miningweekly.com) – Despite recording a decrease in production for the quarter ended June, copper miner Hillgrove Resources also reported record throughput at its processing facility and record low C1 cash costs.
Copper production for the quarter reached 4 138 t, compared with the 5 013 t produced in the previous quarter, as mining was completed at the Emily Star pit, at the Kanmantoo operation, in South Australia.
Copper recovery was also impacted by transitional ore from the upper levels of the Giant pit.
However, production remained within guidance, Hillgrove said.
More than one-million tonnes of ore were processed during the quarter, with C1 cash costs reaching $2.13/lb during the quarter, compared with the $2.11/lb reported in the last quarter.
Meanwhile, revenue for the quarter reached A$31.3-million, at an average realised price of A$3.66/lb, compared with revenue of A$41.1-million in the quarter ended March.
During the quarter, Hillgrove also appointed Steven McClare as the new CEO and MD of Hillgrove, with Greg Hall stepping down.