Blackham Resources, responsible for the Matilda-Wiluna gold operation
in Western Australia, has announced a record production month for
January, producing 6490 ounces (oz) of gold.
This represents a 19 per cent
increase over the December figure of 5461oz; the company has set
itself a half-year target from January to June of 40,000–45,000oz.
In addition, Blackham has
reported not just a record-high production month, but a record-low
all-in sustaining cost (AISC) of $1158/oz over an average market price
Production commenced at the
Matilda-Wiluna project in October 2016, hosting four large-scale gold
systems, with JORC 2012-compliant gold reserves of 15Mt at 2.5 grams a
tonne for 1.2Moz and annual production of nearly 200,000oz.
Last May, the miner announced
its plans to double production at Matilda-Wiluna, and in January this
year received a $14.3 million loan from contractor MACA to help pay
off ts debts followed by a $36 million entitlements issue.