PERTH (miningweekly.com) – Gold miner Gascoyne Resources has reported a record quarter of production from its Dalgaranga project, in Western Australia, for the three months to March.
Gold production in the March quarter reached 18 841 oz, up from the 12 088 oz produced in the previous corresponding period, with Gascoyne achieving its production guidance of between 18 000 oz and 21 000 oz for the first time this quarter.
The increase in gold production resulted from higher gold grades recovered during the March quarter of this year, as well as higher gold recovery rates.
Gold sales for the quarter reached 18 429 oz, up from the 12 814 oz sold in the previous corresponding period, with average prices achieved increasing from A$1 788/oz to A$2 414/oz during the same period.