Doray Minerals has hit a new quarterly production record at the Deflector gold-copper project in the Murchison region of Western Australia.
The project produced 19,683oz of gold and 635t of copper in the quarter ending September 30, 2018 at an all-in sustaining cost (AISC) of $1251/oz.
The mine is on target to achieve an annual guidance of 80–85,000oz of gold at $1050–$11450 AISC.
The results are good news for Doray, which has posited Deflector as an overall successor to the Andy Well gold mine (also in the Murchison region), which saw production suspended in November 2017.
In early October, the company announced that it was planning to divest Andy Well in a $10 million sale to Canadian miner Galane Gold.
Doray managing director Leigh Junk said that Deflector had “again exceeded expectations”.
“In addition to our improved production performance, our processing team also achieved record plant availability, record throughput and record recoveries of both gold and copper,” said Junk.
“As a result of this continued strong performance, our balance sheet remains healthy and we are continuing on track towards our full year production guidance and period of substantial cash generation.
“Starting the year ahead of budget and with the recent agreement to divest Andy Well, we have established the foundations for a period of sustained growth at Doray.”