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Gruyere outlook falls after production decline in Q1 2023 - Mining Business Media

Thursday, 22 June 2023

Issues with the reliability and utilisation of production drills and availability of blasting resources together with a significant rain event have cut forecast FY2023 production guidance for the Gruyere gold mine, the 50-50 West Australian JV of international miner Gold Fields and local Gold Road Resources.

Due to reduced ROM grade ore and reliance on low-grade stockpiles, anticipated June qtr (Q2) production is now 72,000-76,000oz, down from 82,604oz in Q1.

Even with a recovery plan being developed by mine operator Gold Fields with contractor MACA that will include new drilling equipment, additional blasting resources and mining fleet in the Sept qtr, FY2023 guidance is now 320,000-350,000oz (previously 340,000-370,000oz). AISC, previously forecast at $1,540-1,660/oz, will also be impacted.


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