Tomingley has mined ~15,700oz gold and produced 9,260oz gold over April and May 2024. June production is expected to be 6,000oz to 9,000oz gold. As a result, the expected June quarter production is ~15,000oz to 18,000oz gold. Mined ounces in the June quarter are expected to be ~22,000oz to 25,000oz Au, with a corresponding build in stockpiles and gold-in-circuit.
FY2024 production guidance for Tomingley is now 55,000oz to 58,000oz gold at an estimated AISC of A$2,150/oz to $2,350/oz (previously 60,000oz to 65,000oz production at an AISC of $A1,750/oz to $2,100/oz).
The Roswell ramp-up has not been sufficiently rapid to allow the original guidance to be met. Alkane updates its FY2024 Guidance for its Tomingley Gold Operations in central west New South Wales are 55,000oz to 58,000oz at an AISC of A$2,150/oz to $2,350/oz.
Tomingley produced 49,158oz of gold for the 11 months to 31 May 2024.
Alkane Managing Director, Nic Earner, said: “Tomingley is starting to deliver from the Roswell underground. The Roswell ramp-up has not been sufficiently rapid for us to meet our original FY24 guidance, particularly given the recovery issues experienced in February from a discrete mining area in Caloma Two, as highlighted in our March quarterly report.
“Tomingley is now performing well, and the paste plant and flotation circuit upgrades remain on schedule. We look forward to releasing our updated Tomingley 5-year plan shortly.”
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