Another Record Month of Gold Production for Blackham

Highlights

  • Operations continued to generate strong cash flows in February
  • New record monthly gold production in Feb’18 of 6,713oz (Jan’18: 6,498oz)
  • 150kt milled for the month at an average rate of 5,347tpd or 1.95Mtpa annualised (2% higher than Jan’18)
  • Mill feed grade improved to 1.5g/t, a 13% improvement on prior month
  • High grade stockpiles were 144kt @ 1.7g/t Au at 28 Feb 2018 and expected to grow during Mar’18
  • All in sustaining costs reduced to A$912/oz in Feb’18, a 21% decrease on Jan’18 (A$1,158/oz)
  • Average realised gold price during the month of A$1,670/oz
  • Cash and bullion of $31.4 million and secured debt of $43.8 million at 28 Feb 2018

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