Alkane Resources produced more gold than expected at its Tomingley mine in the three months to the end of September.
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A spokeswoman for the company reported that gold production for the quarter was “above forecast” at 24,122 ounces, with All In Sustaining Costs (AISC) put at $982 per ounce.
“Gold sales of 21,610 ounces generated revenue of A$36.4 million at an average price of A$1685 per ounce, with full year guidance remaining unchanged at 65,000 to 70,000 ounces of gold at an AISC of A$1100 to A$1200,” she said.
The spokeswoman said the company had achieved strong gold production in the September quarter, “continuing its excellent performance from the preceding quarter”.
In August Alkane Resources announced that it would shut down open-pit mining at Tomingley Gold Operations in about a year. It is looking to go underground.
