First quarter focus on copper at MMG Golden Grove

16 Apr 2015 01:00 PMMedia Release

Golden Grove has released its production results for the first quarter 2015, reporting a 12% increase in copper in copper concentrate production compared to the previous quarter.

The operation produced 7,320 tonnes of copper during the quarter due to a focus on copper production.

Golden Grove General Manager Pierre Malan said that he was pleased with this performance.

'I’m very pleased with the consistent results we are achieving at Golden Grove. Production is stable and safety remains our first priority."

Golden Grove will move to a focus on zinc production during the second and third quarters of 2015 in accordance with the operation’s optimised mine plan.

MMG expects to produce 21,000-24,000 tonnes of copper and 40,000-55,000 tonnes of zinc in 2015, with C1 costs of US$2.40-US$2.75/lb for copper and US$0.45-US$0.60/lb for zinc.

Highlights of Golden Grove’s community investment program for the quarter included financial support for Yalgoo Primary School’s swimming lessons and water safety awareness initiative.

15 students from the school participated in the program, which equipped them with basic swimming skills – an important life skill that rural children often do not get a chance to learn.

The operation also recommitted to the Geraldton Mining Scholarship program and the Golden Grove Undergraduate Scholarships during the quarter.

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