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WA's biggest new gold mine gets even bigger

WA's biggest new gold mine gets even bigger

December 6, 2018

 

Australia's biggest new gold mine will be even bigger after the company behind it announced on Thursday it would produce 30,000 ounce per annum more than originally forecast.Gold Road Resources and Gold Fields Limited said the average annual production for the 12 year life of their joint venture Gruyere gold mine had increased to 300,000 ounces per annum thanks to the purchase of more processing capacity.A 2016 feasibility study predicted the mine, located 200 kilometres east of Laverton in WA, would produce 270,000 ounces per annum.The updated forecast confirms Gruyere as a tier one gold mine, which means a mine with a life greater than 10 years, low cost and greater than 300,000 ounces per annum production.

 

Source: ://www.smh.com.au/bus