Gruyere Gold: the home stretch
THE Gruyere joint venture between Gold Road and Gold Fields is aiming to pour first gold during the June quarter, and anticipated full production by the end of 2019. After a re-evaluation in 2018, the final forecast capital cost for construction was estimated at $621 million, up from the initial capex of $507 million. The project was expected to produce an annual average of 300,000 ounces over its 12-year mine life; about 30,000oz more than the original 270,000ozpa originally flagged, making the project an emerging tier 1 gold producer. In a statement, the company said that the increase was driven by the “opportunistic purchase of larger SAG and Ball mills to lift throughput to 8.2million tonnes per annum (mtpa) in...