https://www.miningweekly.com

Austral anticipates Chilean gold by month-end

20th July 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior gold producer Austral Gold is expecting to start gold production at its Guanaco-Amancaya Mine Complex, in Antofagasta, before the end of the month.

The ASX- and TSX-V-listed company on Thursday said construction of the heap reprocessing project was now complete, and commissioning had started.

For the remainder of 2023, the project is expected to produce between 7 000 oz and 9 000 oz of gold equivalent ounces at a cash cost of less than $700/oz.

“We are very proud to have achieved this key milestone which we expect to add low-cost production to our operations. I would like to thank our employees, contractors and suppliers for completing this project. I would also like to thank our bankers and supportive shareholders,” said Austral CEO Stabro Kasaneva.

The $5-million Heap Reprocessing project has proven mineral reserves of 223 000 oz of gold and 1.04-million ounces of silver and is expected to provide production until 2033.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.965s - 111pq - 2rq
Subscribe Now