A record amount of gold is recovered by Calidus Resources in February from its Warrawoona site in Western Australia. The amount of gold produced during the month was 180 ounces per day, or 66,000 ounces on an annualised basis.
Record quarterly production of 16,177 ounces was achieved at Warrawoona, according to Calidus Resources Limited (ASX:CAI). Calidus’s production of 31,364 oz, a great performance, implies it has surpassed its forecast of 31,000–36,000 oz for the six months ending on June 30, 2023.
In light of the effects that Tropical Cyclone Ilsa had throughout the quarter, the record production is very encouraging to see.
Although not yet confirmed, all-in sustaining costs (AISC) for the June quarter are anticipated to fall within the range of A$2,000 to A$2,250/oz. The 5,745 ounces of production in June at Warrawoona set a record and continued the pattern of gradually rising production on both a monthly and a quarterly basis.
As a result, higher-grade pits and undergrounds are a great starting point for future development.
Additionally, mining met its goal of moving 455,000 bankable cubic metres, and the mill ran at 300 tonnes per hour, which was 6% more than the anticipated blend throughput rate, according to CAI.
Dave Reeves, managing director, stated:
“These continual improvements provide a solid base for a long-term, high-margin operation at Warrawoona and have allowed us to start turning our focus to the expansion projects which will take Warrawoona to 130,000 ounces per year”
Calidus made an additional $5 million installment on its project finance facilities during the month of February, bringing the total amount still owing to $97 million.
At the end of this month, the company reported that its projection for the first half of this calendar year would not alter from 31,000 to 36,000 ounces at $2,000 to $2,250 per ounce.
The company stated that it would be aiming for average life-of-mine open-pit all-in sustaining costs of between $1700 and $1850 per ounce, which would be detailed in the guidance to be released at year’s end, as the strip ratio decreases to life-of-mine averages combined with the improved milling performance.
