Heavens open and close Westgold mines

BUILDING gold company Westgold says about one week’s production may be impacted after a freak rain storm over the weekend closed its Central Murchison gold project in Western Australia.

Heavens open and close Westgold mines Heavens open and close Westgold mines Heavens open and close Westgold mines Heavens open and close Westgold mines Heavens open and close Westgold mines

Westgold said it “expects its annual production guidance to be around 300,000 ounces per annum”.

Nearly 200mm of rain fell over a 2-3 hour period Saturday night, resulting in the Bluebird mill and various open cut and underground mines being closed.

The downpour was said to be equivalent to the region’s annual rainfall, and follows a string of cyclones further north.

Westgold is in the middle of a growth era that aims to increase production from 267,000oz in the 2017 financial year to north of 400,000 ounces in 2020.

Westgold closed 2017 with more than $31 million cash, and was expecting further additions to its cash position following the arrival on its register of Singapore company Golden Energy and Resources with a staged $65 million investment.

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