https://www.miningweekly.com
Gold|Mining|PROJECT|Underground
Gold|Mining|PROJECT|Underground
gold|mining|project|underground

OceanaGold mines first ore from Horseshoe at Haile

The Haile gold mine

The Haile gold mine

15th September 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Toronto-listed OceanaGold has extracted its inaugural batch of development ore from the Horseshoe underground expansion at the Haile mine, in the US, and is on track to deliver first stope ore in October.

“The team has done a tremendous job in planning and safely executing the work to deliver this important growth project,” said president and CEO Gerard Bond.

Three stopes will be mined from October, ranging in size from 25 000 t to 35 000 t and will be initially mined on the 1 000 and 975 levels, with total stope ore production expected to contribute about 90 000 t to the mine plan in 2023.

OceanaGold will ramp up to full target mining rates through the first half of 2024.

The company stated that Haile’s third quarter 2023 gold production had been adversely affected by lower-than-estimated ore grades encountered in the now-completed Mill Zone pit.

Haile’s third-quarter gold production will be about 23 000 oz and full-year production will be about 25 000 oz below 2023 guidance ranges. However, with strong operating performance expected at Didipio and Macraes, expected full-year consolidated gold production for the company remains within the lower end of the original guidance range.

“Although mining from Mill Zone in 2023 has been disappointing through the second and third quarter, the reconciliation challenges encountered are in a localized area within Mill Zone pit where mining is now complete, and mining has now shifted to Ledbetter Phase II. Previous phases of the Ledbetter pit have reconciled well versus our resource model, and we remain confident in our long-term production profile for the mine, particularly with Horseshoe Underground becoming a meaningful contributor in 2024 and beyond,” said COO Americas David Londono.

Edited by Creamer Media Reporter

Comments

Showroom

Hannah Instruments
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

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:0.156 0.191s - 107pq - 2rq
Subscribe Now