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Westgold posts solid quarter

26th April 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Westgold Resources has reported a solid third quarter of production for the three months to March, with production reaching 60 512 oz, down slightly from the 62 180 oz produced in the second quarter.

Gold production in the year to date has reached 188 740 oz, with the company remaining on track to deliver towards the top-end of its full-year production guidance of between 240 000 oz and 260 000 oz, at an all-in sustaining cost (AISC) guidance of between A$1 900/oz and A$2 100/oz.

The Murchison operations, comprising of the Big Bell, Bluebird and Paddy’s Flat mines, delivered 48 609 oz during the quarter under review, at an AISC of A$2 016/oz.

This was down slightly from the 49 280 oz delivered in the previous quarter.

Westgold said on Wednesday that the Bryah operations had a "disappointing quarter" in the three months to March, with grade underperformance delivering 11 904 oz of gold in total, at an AISC of A$2 414/oz. This was down from the 12 900 oz delivered in the previous quarter at an AISC of A$2 140/oz.

The miner said that a rainfall event and the failure of a sill pillar in the third quarter contributed to the temporary rise in AISC during the quarter. However, the company was confident that AISC had now peaked and would trend downwards over the coming months as the new mine plan was executed.

Edited by Creamer Media Reporter

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