PERTH (miningweekly.com) – ASX-listed gold producer Pantoro has continued to increase production at its Nicolsons project, in Western Australia, beating its previous production record during the three months to June.
The miner on Thursday reported that the Nicolsons project delivered 11 828 oz of gold during the June quarter, which was up from the 10 348 oz produced in the previous quarter, and which was up by 77% on the previous corresponding period.
“Operational results at Nicolsons continue to deliver in accordance with the production ramp-up plan. Throughput in the mill is now at targeted levels and both the underground and openpit mines are delivering high-grade mill feed,” said Pantoro MD Paul Cmrlec.
“We have almost doubled production output compared with the same period last year, and these large upgrades have been achieved from cash flow generated by the mine.”
Some 57 073 t of ore was processed during the quarter under review, surpassing the annual run rate target of 200 000 t/y. Pantoro noted that based on the current throughput, annual processing rates of 230 000 t/y can now be achieved.
Edited by: Creamer Media Reporter
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