PRECIOUS METALS

Tough quarter leads to Blackham guidance cut

BLACKHAM Resources’ warnings about lower production due to cyclonic activity in Western Australia’s north, equipment issues, and shortages of qualified operators, have been borne out with an expected slump in production for the March quarter, and considerably higher costs, dragging down full-year guidance.

 Blackham suffered more setbacks at Wiluna, but believes it has finally turned a corner.

Blackham suffered more setbacks at Wiluna, but believes it has finally turned a corner.

Gold production fell from 20,003 ounces at all-in sustaining costs of A$1527/oz in the December quarter to 12,950oz at $2287/oz for the March quarter.   The good news is that the Australian gold price...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.