| Abstract: |
JSE-listed gold and uranium producer Simmer & Jack (Simmers) produced 48 298 oz, or 1 502 kg of gold in the fourth quarter, compared with 51 879 oz, or 1 614 kg reported in the third quarter, the company reported on Tuesday.
The 7% reduction was primarily owing to its subsidiary First Uranium’s decision to focus on the completion of the rehabilitation work at the Ezulwini mine, in South Africa. However, the company saw the rehabilitation work as an important milestone, as it allowed the shaft to become available for full use of underground mining and development activities, going forward. |