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Beadell production increases at Tucano

28th October 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold miner Beadell Resources has reported higher production from its Tucano gold mine, in Brazil, on the back of improved grades, plant throughput and plant recovery.

Gold production for the three months to September reached 29 920 oz, compared with the 21 457 oz produced in the June quarter.

Beadell told shareholders on Wednesday that the end of the wet season, improved mining productivity and the available higher-grade ore were the primary contributors to the increase in production.

Gold ore stockpiles at the end of the September quarter totalled 4.4-million tonnes, at 0.75 g/t gold for 105 000 oz, plus marginal stockpiles of 1.5-million tonnes at 0.45 g/t gold for 21 000 oz. The high-grade run-of-mine stockpiles increased to 80 000 t, at 1.3 g/t gold by the end of September.

The company sold 29 383 oz of gold during the quarter, compared with the 21 045 oz sold in the June quarter, with average prices of $1 120/oz achieved.

Beadell on Wednesday maintained its second-half guidance of producing between 65 000 oz and 80 000 oz of gold, at all-in sustaining costs of between $850/oz and $950/oz.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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