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Andy Well production sets standards for Doray

21st January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior gold miner Doray Minerals has produced 24 162 oz during its first full quarter of production.

Doray officially opened its Andy Well mine, in Western Australia, in November last year, with MD Allan Kelly saying on Tuesday that the financial results for the December quarter had proven that the operation was the highest-grade and lowest-cost gold operation in the state.

Cash costs for the quarter came to A$448/oz and all-in sustaining costs was reported at A$949/oz.

“Doray is unmistakably one of the highest-grade and lowest-cost gold producers on the ASX today," Kelly said.

Revenue from gold sales reached A$37.9-million for the quarter under review, with 25 719 oz sold during the three months.

Edited by Creamer Media Reporter

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