Blackham's February record

LIKE John Howard’s “Lazarus with a triple bypass”, Wiluna gold miner Blackham Resources has completed an astonishing comeback three months into its turnaround, with record production in February and strong growth as it recovers from its near-death experience last year.

Blackham's February record Blackham's February record Blackham's February record Blackham's February record Blackham's February record

The company bettered January’s record 6498 ounces with 6713oz, and milling rates were up 2% to an annualised 1.95 million tonnes per annum, while feed grade improved to 1.5 grams per tonne gold, a 13% improvement on prior month.

December production had been 5500oz.

More importantly, all-in sustaining costs at the Matilda-Wiluna operations were down 21% to $912/oz, while the average realised gold price during the month was $1670/oz. 

Costs in November had been $2247/oz.

Much of the improvement is down to accessing the high grade zones in the M4 and Galaxy pits late last December, leading to low stripping ratios.

The result may have been even better, but there were significant rainfall and lightning events during the month that restricted mining operations...