Surbiton Associates has announced Australian gold production for the September 22 quarter is down 9% from the June 22 quarter.
The September quarter saw 76 tonnes compared to the 83 tonnes from the June quarter.
Surbiton Associates director, Dr Sandra Close said gold production for the quarter is somewhat disappointing and stated “some wet weather and Covid-19 problems affected output adversely” but is confident these effects are slowly receding.
Gold Fields has awarded their Barren Lands open pit project to establish a new mine at their Agnew Gold Mine, 150km Northwest of Leonora to MLG Oz.
The project will run alongside their current St Ives cooperation.
MLG founder and managing director Murray Leahy said “we are very proud to continue to support Gold Fields at their St Ives and Agnew operations extending what has, and continues to be, a long and rewarding relationship.”
Metal Hawk Limited has announced diamond drilling at their Berehaven Nickel Project has commenced.
The project, located 20km Southeast of Kalgoorlie Boulder, continued after high grade nickel sulphide was discovered in the area last year.
Minerals Resources is offering starting salaries of over $140,000 to New Zealanders in an entice them to Perth. The campaign is set to see several hundred New Zealanders over the next 6 months.
The S&P/ASX200 stumbled slightly on Monday before recovering to start the month on a high of 7,372 points yesterday. The markets finished off the week on 7,302 points, dropping 0.72% from yesterday.
The All Ordinaries peaked at 7,572 points yesterday, finishing at 7,504 points today.
Gold was relatively stable at the start of the week, before picking up on Wednesday to finish the week at the biggest high since August at $1,802.25USD/oz.
Silver followed suit, starting stable before reaching the biggest high since June at $233.04USD/oz.