PERTH (miningweekly.com) – ASX-listed metals miner Independence Group on Monday told shareholders that production at its three operations in Western Australia had delivered above expectations during the December quarter, exceeding the full 2015 guidance.
The Tropicana joint venture, in which Independence held a 30% interest, delivered 137 544 oz of gold during the quarter, while the Long mine delivered 2 578 t of nickel and the Jaguar mine delivered 2 389 t of copper in concentrate and 13 360 t of zinc in concentrate.
“Tropicana, Long and Jaguar are maintaining good and steady production. We are especially pleased that all the operations are ahead of guidance for the half-year, on a pro-rata basis, which has resulted in our cash at bank increasing to around A$93-million at the end of the quarter,” said Independence MD Peter Bradford.
For the full 2015, the Tropicana operation was expected deliver between 470 000 oz of gold and 490 000 oz of gold, while the Long mine was expected to deliver between 9 000 t and 10 000 t of contained nickel.
Jaguar was expected to deliver between 40 000 t and 43 000 t of zinc in concentrate, and between 5 500 t and 6 500 t of copper in concentrate.