Alkane Resources' (ASX: ASX) Tomingley gold mine has been operating at design capacity since the end of May, with 10,340 oz of gold poured during April and May. The annualised rate is 1 million tonnes per annum ore throughput.
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Reconciliations for mine to mill have been positive for both grade and tonnage, meaning a 15 per cent uplift on milled gold ounces above the reserve to date.
Alkane said that with the mine at design capacity, the focus would continue on stabilising the business, particularly site safety and environmental performance, mining productivity, further improvement in processing recovery and improving the resultant cash costs of the site.
Alkane has a gold hedge in place of 24,000 ounces at A$1,449 deliverable over the next 10 months, with the possibility to pre-deliver production into hedges if required as a result of short term price weakness.
Tomingley gold mine is located approximately 50 kilometres south west of Dubbo, central west NSW.
