Plutonic beats guidance

THE Plutonic gold mine in Western Australia has exceeded its 2017 guidance in the first full year under the ownership of Superior Gold.

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December quarter production was 20,197 ounces of gold, taking full-year production to 80,143oz and beating guidance of 75,000-80,000oz.

Gold sold for the year was 82,019oz, though cost and financial results won’t be released until March.

"2017 was a year of significant achievements and we are extremely pleased to announce such strong production results, exceeding guidance, for our first full year of operation,” Superior president and CEO Chris Bradbrook said.

“We have now operated the Plutonic gold mine for five consecutive quarters and have produced over 100,000oz of gold.”

Toronto-listed Superior acquired Plutonic from Northern Star Resources in October 2016, and h...