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Record Gold Production of 7,909 Ounces in the Month of May |
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Friday, 10 June 2011 12:09 |
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Integra Mining Limited reported the Randalls Gold Project achieved record monthly gold production in the month of May with 7,909 ounces produced.
This follows very good production of 7,609 ounces in April. The target annualised rate of production for the Randalls Gold Project is 90,000 ounces per year equating to an average of 7,500 ounces per month. Integra recognises the outstanding efforts of our site-based staff in achieving this production record. This adds to previous operational achievements of project construction on-time and under budget, and successful project commissioning to full production in a relatively short 5.5 months. A planned mill maintenance shutdown is scheduled in June and minor operational stoppages associated with tying-in the process plant upgrade currently in-progress will result some lost production in the month of June. Notwithstanding these minor interruptions, forecast production for the June quarter expected to be around 21,500 to 22,000 ounces (March quarter: 17,600 ounces) at a cash cost circa $500 per ounce. Integra forecasts FY 2012 gold production cash costs to rise modestly to circa $550 per ounce maintaining Integra’s position as one of Australia’s lowest cost and highest margin gold producers. More information, click here. |
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Last Updated on Friday, 10 June 2011 09:18 |