Eastern Goldfields Limited has continued its positive run with news of a weekly record gold pour at its Davyhurst Gold Project, located 120 km northwest of Kalgoorlie.
Last week’s achievement of 850 fine ounces was sold at an average price of $1744.26 per ounce realising $1.48 million in weekly revenue.
The operation continues its confident run, remaining on schedule and increasing gold production daily. This trend is expected to continue.
In the first nine days of this month, the Davyhurst mill crushed 23,000 tonnes and milled 19,780 tonnes at a calculated grade of 1.89 g/t gold.
The Company is also looking to steadily increase ore throughput rates and continue to capitalise on the improving availability of the Project’s processing plant.
Eastern Goldfields Chairman Michael Fotios said these results demonstrate continued progress, reliability and stability for the operation.
“2018 is continuing to be a transformational year for Eastern Goldfields. We are focused on generating significant cash flow and value for our shareholders.
“We appreciate the ongoing support of all of our stakeholders – employees, contractors, communities and shareholders – as we continue to realise our vision to become the next mid-tier gold producer in the Eastern Goldfields.”
Gold is currently sitting at around $1760 (AUD).