Australian resource company KBL Mining announced that the optimisation of the Mineral Hill process plant performance has allowed gold production targets to be exceeded during April with a coincident increase in plant throughput and decrease in unit cost.
“Following record gold production for the March 2016 quarter, mine and mill statistics have indicated a continuation of strong results. During April, a total of 21,022 tonnes were milled and treated for the production of 2,999 ounces of gold and 33,420 ounces of silver,” the company told the ASX on Wednesday.
“With the completion of plant modifications including the installation of a second concentrate filter and repairs to the CIL carbon regeneration klin, we have seen continual improvement and optimisation of operational performance.”
The company’s managing director Greg Starr said these operational improvements directly contributed to the 17.5% increase in plant throughput and continued normalisation of C1 cash costs which were $863/oz through April.
“The results demonstrate the capability of the Mineral Hill deposit and justify the ongoing exploration efforts into Pearse North and elsewhere within the large Mineral Hill gold and base metals system,” Mr Starr concluded.