The Gruyere joint venture between Gold Fields and Gold Road Resources in Western Australia is on target to pour first gold in the March 2019 quarter, with construction about one-third complete.
More than a year after early works were launched at Gruyere, the JV partners have also completed 72 per cent of the project engineering at the Eastern Goldfields site.
Development costs incurred at Gruyere to this point have been in line with the $532 million budgeted for the entire project, according to the JV.
Gruyere project director Sim Lau said a great deal was achieved in the past 12 months, which is testament to the efforts of the project team and contractors.
“With project engineering 72 per cent complete and construction 32 per cent complete, we remain confident that the Gruyere gold project will be brought into production on schedule and within budget in early 2019,” Lau said.
In the December 2017 quarter, Downer EDI was awarded a five-year, $400 million mining services contract at Gruyere.
Downer will mobilise its workforce during the current quarter to begin construction of the Gruyere mining infrastructure. The contractor is scheduled to start mining activities before the end of the year.