Ramelius Sources has achieved its quarterly manufacturing goal regardless of an unplanned shutdown on the Edna Might gold mine in Western Australia final month.
The Edna Might SAG (semi-autogenous grinding) mill motor drive bearing failed final month, with its alternative overheating and inflicting the mill motor to be defective.
Ramelius instantly changed and commissioned it inside 4 days, with the location struggling greater than seven days of unplanned downtime.
“Resulting from Ramelius’ stock administration coverage on essential spares, a alternative motor was instantly obtainable with set up and commissioning taking 4 days to finish,” Ramelius said.
“However this, the corporate was capable of ship into the steerage vary for the March 2021 quarter.”
Ramelius produced 66,029 ounces of gold within the March quarter, off the again of a 65,000-to-70,000-ounce steerage.
This included 24,197 ounces on the Edna Might mine and 41,832 ounces on the Mt Magnet gold mine in Western Australia.
Ramelius additionally elevated its money and gold readily available to $230.6 million within the March quarter, in contrast with $221.5 million within the December quarter.
The Edna Might gold mine was acquired from Evolution Mining in October 2017.
Its deposit has produced multiple million ounces of gold, with annual manufacturing since 2011 starting from 66,000 ounces to 99,000 ounces.
Ramelius’ ahead gross sales ebook for the March quarter contains 209,250 ounces of gold at a mean worth of $2310 per ounce.
The Mt Magnet gold mine options a number of open pit and underground mines and exploration targets overlaying 225 sq. kilometres.
Additional particulars about Ramelius’ quarterly manufacturing can be launched in its quarterly report later this month.