Blyvoor gold mine expects to ramp up to 80 000 oz in three years – Aurous
JOHANNESBURG (miningweekly.com) – Blyvoor gold mine on Johannesburg’s West Rand has sold 16% more gold to the end of August, Aurous Gold stated in a mid-year release on Monday.
Gold production for the fiscal 2025 half-year to the end of August totalled 10 934 oz of gold on the back of record gold prices.
The expectation to ramp up gold production to an initial 80 000 oz within three years, and to a steady-state level of 150 000 oz by year six has been reaffirmed, following the close of its transaction with Rigel and simultaneous receipt of private investment in public equity capital.
Key operating highlights for the company include a 28% increase in milled tonnes, 12% increase in gold mined, and a 16% increase in gold sold over the period.
The company, headed by CEO Richard Floyd, is continuing to implement what it described as “its updated yet conservative plan” to build a solid operating foundation for future growth.
“Our merger with Rigel will provide the anticipated capital injection, which we expect will greatly improve operational flexibility to grow the planned high-margin productive capacity safely and consistently,” Floyd stated in a release to Mining Weekly.
Aurous COO Izak Marais described mitigation of seismic risk as remaining a non-negotiable as underground rock engineering support methods are implemented.
“We’re also pleased to announce the conclusion in September of a 30-month wage agreement with the Blyvoor Workers Union, which provides us with greater certainty around inflation of our largest cost driver, being labour,” Marais added.
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