Highlights
- Q3 FY2023 gold production was 16,641oz, bringing year to date FY2023 production to 54,431oz.
- Group unaudited cash, bullion and listed investments position at 31 March 2023 totalled A$117.2M.
- Tomingley is expected to produce at the upper end of FY2023 guidance, which remains unchanged at 62,000oz to 70,000oz production at an AISC of $A1,550/oz to $1,800/oz.
Alkane is pleased to announce its Tomingley Gold Operations in central west New South Wales has produced 16,641oz of gold in Q3 FY2023. Tomingley has produced 54,431oz so far in FY2023.
Tomingley is expected to produce at the upper end of guidance, which remains unchanged at 62,000oz to 70,000oz production at an AISC of $A1,550/oz to $1,800/oz.
The Group’s unaudited cash, bullion and listed investments position at 31 March 2023 totalled A$117.2M, comprising $92.9M cash, $6.5M of bullion in hand and $17.8M of listed investments.
Further details will be in the Quarterly Report which will be released later this month, this announcement is to ensure that information is publicly available prior to Alkane’s Managing Director, Nic Earner, meeting investors at Denver Gold Group’s Gold Forum Europe next week.
Alkane Managing Director, Nic Earner, said: “Tomingley is performing well and remains on track to meet full year guidance. With approval received in February to extend the life of Tomingley, at increased production rates, we’re progressing the development of the Roswell underground ready for ore production before the end of the calendar year.
“I look forward to updating overseas investors on Alkane’s continued success and plans for the future.”