logo-loader
viewGold Road Resources Ltd

Gold Road Resources confirms 2019 production guidance as mill work progresses

The company expects Gruyere to produce 75,000 to 100,000 ounces for calendar 2019.

Gold Road Resources Ltd - Gold Road Resources confirms 2019 production guidance as mill work progresses
With the mill test completed, the throughput rate will be ramped up

Gold Road Resources Ltd (ASX:GOR) has maintained safe, steady-state operations of the comminution circuit for 96 hours at the mill for its Gruyere Gold Project in Western Australia.

With the test successfully completed, the throughput rate will be ramped up with an ongoing focus on achieving high utilisation of the process plant to deliver nameplate capacity.

Gold Road and its JV partner Gold Fields continue to make good progress at Gruyere following the production of its first gold bars in July 2019.

These gold bars totalling 1,139 ounces were produced from the carbon‐in‐leach (CIL) and elution circuits.

Working towards commercial production rates

From the commencement of mining to the end of the July production period, a total of 3.4 million tonnes ore has been mined at 0.83 g/t gold for 90,700 contained ounces of gold.

This ore will be fed through the mill with commercial production anticipated mid‐way through the

6-7 month ramp‐up period as previously guided.

During July 2019, 2,260 ounces of gold were produced from processing 330,000 tonnes grading 0.82 g/t gold with an 89.8% recovery rate.

Notably, recovery is consistent with feasibility study test‐work and better than anticipated during early plant commissioning.

Quick facts: Gold Road Resources Ltd

Price: 1.685 AUD

ASX:GOR
Market: ASX
Market Cap: $1.48 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Meteoric Resources excited about 2020 program amid positive...

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive on why he believes Meteoric is so well positioned to reap positive gains from its 2020 exploration program. He talks about gold exploration being hot right now, with Australian and Brazilian gold prices at...

3 hours, 49 minutes ago

2 min read