Gold production of 18,418oz was on forecast for the quarter, with site operating cash costs at A$1,840/oz and AISC of A$2,182/oz. Site operating cash flow was A$19.2m for the quarter. Gold sales for the quarter of 18,208oz for revenue of A$62.3m at an average price of A$3,422/oz.
FY2025 guidance for Tomingley of 70,000oz to 80,000oz production at an AISC of A$2,400/oz to $2,600/oz remains unchanged. The AISC guidance reflects a one-off cost for decline development that is accounted as sustaining capital and included in the AISC.
Alkane Managing Director, Nic Earner said: “This has been another quarter of solid production performance that has been leveraged by the strong gold price. We remain on track with our capital expansion work, with both the Paste Plant and Processing upgrades scheduled for commissioning in the December quarter of this year.
We’ve passed the point of peak expenditure in the current phase of the Tomingley expansion as we look to continue to grow production through commissioning of the new plants. We will then be focusing on the Newell Highway diversion and maintaining a high level of operational excellence to maximise the value of our increased production capacity.”
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