The Selinsing Gold Mine converting the CIL processing plant to a sulphide gold flotation plant to produce commercial-grade gold concentrate. The CIL gold bullion production finished in November 2022, and the first gold filtered concentrate was produced in December 2022 from the newly constructed flotation plant and commercial production was achieved in September 2023.
Production Data
| Selinsing Gold Mine Production | Year ended June 30 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (oxide) | 2023 (sulphide) | |
| Ore mined (thousand tonnes) | 662.3 | 740.9 | 501.9 | 882.2 | 494.1 | 421.8 | 423.0 | 193.6 | 298.8 | 166.9 | 263.1 | 427.5 | 355.5 | 439 (oxide & sulphide) | |
| Ore processed (thousand tonnes) | 272.1 | 352.0 | 364.7 | 938.5 | 1,019.0 | 954.2 | 992.1 | 847.4 | 891.9 | 934.8 | 675.7 | 579.6 | 544 | 195.3 | 223.5 |
| Average ore head grade (g/t Au) | 3.08 | 4.31 | 4.24 | 2.07 | 1.31 | 1.45 | 0.88 | 0.8 | 1.03 | 0.8 | 1.11 | 0.84 | 0.69 | 1.03 | 1.8 |
| Process recovery rate | 58.70% | 92.90% | 93.70% | 87.00% | 75.87% | 82.40% | 67.4% | 58.80% | 72.00% | 69.50% | 70.90% | 61% | 63% | 45% | 54% |
| Gold production(1) (ounces) | 13,793 | 44,438 | 44,585 | 52,982 | 35,983 | 36,473 | 18,155 | 12,845 | 22,854 | 15,763 | 17,360 | 10,282 | 7,091 | 3,926 | 6,849 |
| Gold sold (ounces) | 13,793 | 40,438 | 36,938 | 57,905 | 37,670 | 36,500 | 23,150 | 12,700 | 14,750 | 16,505 | 19,401 | 12,850 | 8,016 | 5,912 | 1,148 |
| Financial results | |||||||||||||||
| Gold sales (US$’000) | 16,316 | 56,627 | 61,709 | 91,277 | 48,583 | 44,838 | 23,595 | 15,719 | 19,250 | 20,993 | 29,971 | 23,236 | 14,440 | 10,643 | 1,743 |
| Per ounce data | |||||||||||||||
| Cash cost per ounce (US$/ounce) | 216 | 242 | 306 | 400 | 613 | 587 | 606 | 936 | 753 | 713 | 878 | 1,178 | 1,723 | 1,622 | 917 |
| Average spot gold price, US$/ounce | 1,089 | 1,372 | 1,673 | 1,573 | 1,296 | 1,224 | 1,168 | 1,238 | 1,305 | 1,262 | 1,563 | 1,866 | 1,868 | 1,807 | 1,807 |
| Average realized gold price(2), US$/ounce | 1,183 | 1,400 | 1,671 | 1,576 | 1,290 | 1,228 | 1,157 | 1,238 | 1,305 | 1,260 | 1,563 | 1,864 | 1,870 | 1,800 | 1,949 |
|
|||||||||||||||