An­gloGold still up­beat on Sun­rise

Kalgoorlie Miner - - MINETALK - Josh Chiat

The shine came off An­gloGold Ashanti’s re­cov­er­ing Sun­rise Dam gold mine in the Septem­ber quar­ter, but the South African ma­jor is adamant brighter times are still ahead for the north­ern Gold­fields op­er­a­tion.

Sun­rise Dam pro­duced 61,000 ounces at all in sus­tain­ing costs of $US1412/oz in the three months to Septem­ber 30.

The re­sult came af­ter the op­er­a­tion pro­duced 63,000oz in the June quar­ter af­ter gen­er­at­ing a record 88,000oz and $US35 mil­lion op­er­at­ing profit in the March quar­ter.

Since then, An­gloGold has suf­fered the loss of the mine’s re­spected gen­eral man­ager Dun­can Gibbs to a new role as man­ag­ing di­rec­tor of Gold Road Re­sources.

Speak­ing on a con­fer­ence call this week, An­gloGold chief op­er­at­ing of­fi­cer Lud­wig Ey­bers blamed some of the is­sues on dif­fi­cult-to-process ar­senic-bear­ing ore.

He said the mine would im­prove af­ter solv­ing teething is­sues with the new fine grind­ing mill at Sun­rise Dam, which is ex­pected to im­prove re­cov­er­ies af­fected by low ton­nages and lower-grade re­frac­tory ore.

“With most of these projects, you nor­mally go through a bit of teething prob­lems,” he said. “As you

With most of these projects, you nor­mally go through a bit of teething prob­lems. Lud­wig Ey­bers

mine through this ore­body, you will find these high lev­els of ar­senic pyrite.

“If you com­pare it to quar­ter one of this mine, (when) the mine had a re­ally good quar­ter, we ac­tu­ally saw a very lit­tle of that.”

An­gloGold re­cently awarded a new con­tract to Barminco for un­der­ground min­ing and drilling ser­vices at Sun­rise Dam to 2022, with aims to ex­pand the mine’s out­put to 300,000oz a year longterm.

The Trop­i­cana gold mine, 300km north-east of Kal­go­or­lie-Boul­der, per­formed strongly in the three months to Septem­ber 30.

An­gloGold’s 70 per cent share of the op­er­a­tion, which is owned in a joint ven­ture with WA-based In­de­pen­dence Group, pro­duced 87,000oz at $US804/oz.

Trop­i­cana, which is ex­pected to pro­duce 500,000oz-550,000oz in 2018-19, trimmed costs by 22 per cent and gen­er­ated a steady op­er­at­ing profit of $31 mil­lion for An­gloGold in the Septem­ber term.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.