Gwalia maintained Full year guidance for FY21

 

Gwalia gold production maintained between 175K to 190K ounces! 

St Barbara provides the production update for the September 2020 quarter, Q1 FY21. Consolidated production for the quarter was 72,990 ounces against the Q4 FY20 of 108,612 ounces. 

Atlantic Gold produced 27,226 ounces of gold at an average milled grade of 1.29 g/t Au, consistent with expectations for the quarter. The recent Hurricane Teddy did not adversely impact site or production for the quarter.

Simberi produced 23,139 ounces of gold in the quarter, at an average milled grade of 1.30 g/t Au. During the quarter, there was some unscheduled maintenance (now completed) to the semi-autonomous grinding (SAG) mill, scrubber and aerial rope conveyor. 

As advised on 18 September 2020, a fall of ground at approximately 1,600 metres below surface in the Hoover Decline temporarily interrupted production at the Gwalia mine in Leonora. Rectification work included over 30 metres of lateral rehabilitation in the decline. 

This, in addition to the planned prioritisation of development over ore production in Q1, resulted in Gwalia producing 22,625 ounces of gold in the quarter, at an average grade of 7.4 g/t Au. While operations at Gwalia had resumed at the time of the earlier announcement, the final production shortfall for the quarter is greater than originally anticipated. 

The shortfall in production is anticipated to be substantially recovered in Q2 FY21. Full year production guidance for FY21 for Gwalia is maintained at between 175,000 to 190,000 ounces. 





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