www.miningweekly.com/article/s…

PERTH (miningweekly.com) – Gold miner Gascoyne Resources has reported a slight decline in gold production during the June quarter at its Dalgaranga operation, in Western Australia, compared with the March quarter. The ASX-listed miner on Friday reported that gold production for the three months to June had reached 17 416 oz, down from the 19 195 oz produced in the previous quarter. ADVERTISEMENT

Gold sales for the quarter reached 17 993 oz, generating revenues of A$45.2-million, compared with the A$19 073 oz sold in the March quarter for revenues of A$47.5-million. For the full year ended June, Gascoyne produced 77 278 oz of gold, meeting its guidance expectations. ADVERTISEMENT

“Our full year production result of over 77 000 oz has been achieved on the back of an improved safety culture, while overcoming a number of operational challenges in the June quarter, including unseasonal inclement weather, availability of personnel and short-term mine plan adjustments,” said Gascoyne MD and CEO Richard Hay. During the quarter under review, Gascoyne inked a binding agreement to acquire Firefly Resources and consolidated ownership of shallow, higher-grade gold deposits as well as a large exploration package within trucking distance of Dalgaranga.