HIGH MARGIN GOLD

31st August 2018 By: Martin Creamer - Creamer Media Editor

HIGH MARGIN GOLD

Pan African Resource’s Evander gold mine, in Mpumalanga, poured its first gold obtained through its newly commissioned Elikhulu tailings retreatment project on August 16. The R1.74-billion project uses a conventional carbon-in-leach circuit with a proprietary preoxidation process through which one-million tons of tailings is processed a month at an all-in sustaining cost of production of between $650/oz and $700/oz. The Elikhulu project is expected to produce about 55 000 oz/y of gold for 14 years and has created 400 permanent jobs.