Gold Road Resources and Gruyere Mining Co. reported the commissioning of the final components of the process plant is now complete at the Gruyere Gold Project (Gruyere). In particular, the ball mill and gravity circuit are now operational.
Production guidance for 2019 remains 75,000 ounces (oz) to 100,000 oz, with cost guidance to be reviewed when commercial production is declared. Commercial production is anticipated midway through the six to seven-month ramp-up period. Several minor improvements to the operability of the circuit were made during a plant shutdown for the tie-in of the ball mill. All components of the process circuit are now substantially complete and operational.
Gruyere, which is located approximately 200 km east of Laverton in Western Australia, is a global Tier 1 gold mine with a long operating life and forecast high margins. Life-of mine average annual production is forecast at approximately 300,000 oz/y at average all-in sustaining costs over a 12-year life of approximately A$1,025 per ounce.
