Straits Resources production soars
Monday, October 29 2012 - 04:25 AM WIB
ASX-listed gold miner Straits Resources Limited reported a strong performance in the third quarter ending September from its Mt Muno Mine, producing 16,938oz AuEq.
The mine is being operated by Straits? 100 percent owned subsidiary PT Indo Muro Kencana. It said that the operational performance for the quarter was strong despite being impacted intermittently by low river levels that impeded the supply of diesel and coal to site.
According to previous reports, in the second quarter and first quarter, the Mt. Muro gold mine produced 4,8960z AuEq and 7,628oz AuEq, respectively.
The company said that towards the end of the quarter the operations recommenced ramp-up. Continuation of the ramp-up plan requires operators recruitment and training, which is currently underway.
| Units | Sept 12 Qtr | June 12 Qtr | FY 2012 Full year | FY 2011 Full year | |
| Ore Milled | tonnes | 235,637 | 108,951 | 653,409 | 325,035 |
| Grade
|
|||||
| - Gold | g/t Au | 1.63 | 1.06 | 1.18 | 2.5 |
| - Silver | g/t Au | 46.4 | 30.6 | 34.4 | 28.9 |
| Recovery | |||||
| - Gold | % Au | 94.4% | 93.4% | 93.4% | 92.6% |
| - Silver | % Au | 79.8% | 77.9% | 72.5% | 72.9% |
| Production | |||||
| (Gold)** | oz Au | 11,826 | 3,326 | 23,160 | 25,022 |
| (Silver) | oz Ag | 277,227 | 86,374 | 529,130 | 228,502 |
| Gold Sold | oz Au | 10,352 | 3,761 | 23,950 | 25,911 |
| Silver Sold | Ag oz | 250,409 | 100,000 | 528,886 | 189,337 |
| **Production reported is gold poured | |||||
Editing by Dadan Wijaksana