https://www.miningweekly.com

Doray provides production guidance for 2017

6th September 2016

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Gold and copper mine Doray expects to produce between 105 000 oz and 120 000 oz of gold and between 3 000 t and 4 000 t of copper from its Andy Well and Deflector mines, in Western Australia.

The Andy Well mine, which started production in mid-2013, is expected to produce between 65 000 oz and 70 000 oz of gold in the 2017 financial year at an all-in sustaining cost of A$1 300/oz to A$1 400/oz.

Doray MD Allan Kelly said on Tuesday that the firm expected Andy Well’s production for the 2017 financial year to revert back towards levels predicted in the 2012 bankable feasibility study, as production from openpits wrapped up.

“When we started production at Andy Well, we had an inventory of about 256 000 oz, which included approximately 30 000 oz from the two high-grade openpits and forecast production of approximately 74 000 oz per annum. Over the last three years, we have consistently averaged around 17 500 oz per quarter from underground, which equates to about 70 000 oz per year excluding the openpits,” he said.

Kelly added that Doray would be working towards a potential development decision on the Gnaweeda prospect, which could have a significant positive impact on the production profile at Andy Well beyond the next 12 months.

Meanwhile, the new Deflector mine’s production forecast for 2017 is set at between 40 000 oz and 50 000 oz of gold and between 3 000 t and 4 000 t of copper.

Doray will provide a cost guidance for Deflector once the project reaches steady-state production from the primary underground ore, which makes up about 83% of the orebody.

Production of bullion and gold/copper/silver concentrate started recently at Deflector, about 14 months after the acquisition of the project.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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