- Gold producer Horizon Minerals (HRZ) remains on track to produce gold next month from its Western Australian mine
- The company has announced its mining and ore haulage at Boorara is progressing well and is ahead of schedule
- To date, the company has mined 232,000 bank cubic metres (BCM) worth of material, with 42,000 tonnes of ore, graded at 1.4 grams per tonne
- Of that ore, haulage has begun on a 25,000-tonne parcel headed to Lakewood processing plant
- From there, the first ore treatment, and gold production, is expected to begin in July
- Horizon’s share price is trading at 11.3 cents per share, up 7.14 per cent
Gold producer Horizon (HRZ) is on track to produce gold next month from its Boorara mine in Western Australia’s goldfields region.
In an announcement today, the producer revealed it was progressing ahead of schedule in its mining and ore haulage.
The proportion of free dig material contained in both of Boorara’s Regal East and Regal West pits has also exceeded expectations.
Horizon begun mining at Boorara, located east of Kalgoorlie’s Super Pit gold mine, back in May.
So far, 232,000 BCM has been mined at the site, including 42,000 tonnes of oxide and transitional ore, graded at 1.4 grams per tonne.
While, haulage of the first parcel of ore has commenced, and is on its way to Lakewood Mill, where it will be treated.
The treatment campaign will begin on July 13, and 8700 ounces of gold expected all up.
The all-in cost of the gold is expected to sit somewhere between $1640 and $1690 per ounce.
Speaking on the progress so far at Boorara, Horizon Managing Director Jon Price said he was proud of the work of everyone involved.
“The site operations team and our contracting partners have done an excellent job, with ore delivery ahead of schedule and grade meeting expectations,” he said.
Production will continue on the campaign all the way through to January 2021.
Horizon’s share price is trading at 11.3 cents per share, up 7.14 per cent.