PERTH (miningweekly.com) – Gold miner Saracen Mineral Holdings has reported a slight decline in gold production for the three months to September, compared with the previous quarter, with the miner on track to meet its full-year target of 280 000 oz.
Saracen on Tuesday reported that gold production for the September quarter reached 61 470 oz, compared with the 63 192 oz produced in the June quarter.
The Carosue Dam mine, in Western Australia, delivered 34 141 oz of gold during the quarter, while the Thunderbox mine, also in Western Australia, delivered the balance of 27 329 oz.
“These results demonstrate that we are firmly on track to achieve our targeted 300 000 oz/y run-rate by the June quarter of 2017. At the same time, we are driving an extensive exploration programme, which we believe will grow the inventory and mine lives of both our operational centers,” said Saracen MD Raleigh Finlayson.