Highlights
- December quarter gold production from Andy Well exceeds budget
- 20,963oz produced @ 9.0g/t Au
- Highway realignment completed in prep aration for mining of Stage 2 open pit
- On track to meet upgraded 2015FY pr oduction guidance (85,000 – 90,000oz)
Gold production for the three months ending 31 December 2014 was 20,963 ounces at a head grade of 9.0g/t Au.
Further information will be provided in the December Quarterly report, however, as a result of ongoing operational improvements, costs are expect ed to be lower than the September Quarter
Doray’s Managing Director, Mr Allan Kelly, said the December Quarter production result meant the Company remained on track to meet its recently increased 2015 financial year production guidance of 85,000-90,000 ounces.
"We’ve made a number of improvements at Andy Well that resulted in better than expected operating costs and margins for the first half of the 2015 financial year," said Mr Kelly.
"In the second half of the year, we benefit from the increased high-grade Stage 2 open pit Reserve, which will have a positive impact on the full year results."
Doray has recently completed the realignment of a section of the Great Northern Highway, allowing the commencement of mining of the high-grade Stage 2 open pit Probable Reserve, which was recently increased by 67% to 23,500 ounces @ 16.1g/t Au.
Mining of the Stage 2 open pit commences later this month and continues until July, with production commencing in March and continuing until September.
