Guidance has been set at 80,000 to 85,000 gold ounces.
Production costs are also falling, and for the guidance period the all-in-sustaining-cost is forecast between $1050 and $1150 per ounce, a reduction on the previous period.
If the Australian dollar gold price remains in its current $1700 range, then the mine is set to make a healthy margin.
Doray has allocated a $10 million exploration budget for the next 12 months.
Ultimately the company is targeting sustainable annual production of 100,000 gold ounces per annum with a mine life greater than five years.
Grade control diamond drilling recently revealed some bonanza grade results from Deflector, including:
- 0.6 metres at 299g/t gold and 3.3% copper;
- 0.6 metres at 219g/t gold and 10.5% copper; and
- 0.8 metres at 188g/t gold and 3.1% copper.