Silver Lake production dips as mills close
PERTH (miningweekly.com) – Gold miner Silver Lake Resources has reported a significant drop in gold production after its Murchison and Lakewood mills were placed on care and maintenance in July this year.
Earlier this month, Silver Lake announced that it would sell its Lakewood mill assets in a deal worth A$5.5-million, while the Murchison mill was subject to a ten-month dry hire lease that would generate about A$7.9-million in revenue.
During the three months to September, the Western Australia-focused Silver Lake milled some 348 400 t of ore, at a grade of 2.6 g/t gold to recover 29 531 oz of gold, compared with the 44 523 oz recovered from 689 109 t of ore in the three months to June.
Group gold sales for the quarter under review declined to 31 469 oz, compared with the 43 886 oz sold in the June quarter.
At the Mount Monger operations, in Western Australia, Silver Lake sold 29 259 oz of gold during the quarter, compared with the 36 739 oz sold in the previous quarter, while sales from the Murchison operation declined to 2 210 oz, from the 7 147 oz sold in the previous quarter.
Meanwhile, preproduction activities started in July at the Wombola Dam openpit operation, which forms part of the Mount Monger operations, and production was initiated in September.
The project delivered 1 142 oz during the quarter under review, which was accounted for in the Mount Monger sales figures.
Evaluations were also in progress for the Rumbles and Lucky Bay deposits for near-term openpit production opportunities, and for the Maxwells underground operation.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
