PRECIOUS METALS

Cost skyrocket as labour pains and rains hit Gascoyne 

GASCOYNE Resources warned two months ago it was on track to have a miserable September quarter as it faced staffing issues, equipment woes and abnormally high rainfall at its flagship Dalgaranga operation in Western Australia.

 Gascoyne produced its 1000th gold bar during the quarter

Gascoyne produced its 1000th gold bar during the quarter

Today, the gold miner laid bare the full impact, with all-in sustaining costs an eye-watering A$3135 per ounce, and C1 cash costs of $2653/oz.   That compared with an average realised price of $2548/oz...

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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.

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