Tag: Gold Road

THE Gruyere joint venture between Gold Road and Gold Fields is aiming to pour first gold during the June quarter, and anticipated full production by the end of 2019. After a re-evaluation in 2018, the final forecast capital cost for construction was estimated at $621 million, up from the initial capex of $507 million. The project was expected to produce an annual average of 300,000 ounces over its 12-year mine life; about 30,000oz more than the original 270,000ozpa originally flagged, making the project an emerging tier 1 gold producer. In a statement, the company said that the increase was driven by the “opportunistic purchase of larger SAG and Ball mills to lift throughput to 8.2million tonnes per annum (mtpa) in...

All images: Gold Fields Australia. BY REUBEN ADAMS   CONSTRUCTION work is ramping up at the $532 million Gruyere gold project, 200km east of Laverton in WA. For South African-based Gold Fields, which holds a 50 per cent stake in the project with Gold Road Resources, Gruyere represents the newest chapter in a long, influential – but relatively low profile – history in the WA gold sector.   A January update has underscored the massive scope of this 270,000 ounce per annum (ozpa) project, which remains on budget and on track to pour first gold in early 2019. In the December quarter, the Gruyere JV awarded a key five-year, $400 million mining services contract to Downer EDI Mining, which will...