Three of Australia’s prominent miners have released their March quarterly production reports, with gold and lithium operations high.
Westgold Resources announced its third quarter (Q3) production highlights, which saw gold production at 60,512 ounces at an all-in sustaining cost (AISC) of $2094 per ounce.
The company is tracking to top end the 2023 financial year (FY23) production guidance with 188,740 ounces produced and the mid-point of FY23 cost guidance with an AISC of $2077 per ounce.
Westgold managing director Wayne Bramwell said Westgold is producing safe and profitable ounces in FY23.
“Our team sees additional opportunities in every one of our mines and the business functions that support them, with a view to growth are committed to building a safe, profitable and sustainable business into (the 2024 financial year),” Bramwell said.
During the quarter, the company outlined its three-year production outlook which projected Gruyere to produce between 335,000 and 375,000 ounces per annum.
Core Lithium chief executive officer Gareth Manderson said the commercial agreements for the first concentrate production with Yahua assisted the company’s cash flow management.
“The Core team is now focused on (ramping) up and establishing integrated mining and processing operations,” Manderson said.