PRODUCTION HIGHLIGHTS & ISSUES JUNE 2014 QUARTER
Highest quarterly gold production to date.
Plant throughput was 99% of target for the quarter.
Gold grade 6.6% below target for the quarter. Grade is expected to increase in Q3/Q4 as dredging moves more centrally and deeper into the tailings resource.
Flotation performance below expectation but has been shown to correlate with grade and is therefore also expected to improve in Q3/Q4.
On 28 May 2014 bypass voltage regulators on the main incoming power supply failed, and until 21 June 2014, when replacements were installed, built-in protection from power surges tripped the plant on numerous occasions, impacting on throughput and recovery.
The Albion process and hence CIL recovery continued to perform below expectation. The additional Albion tank, which came on line on 30 July 2014, will provide a 20% increase in residence time and improve oxidation.
PGI Q3, Q4 forecasts, page-2
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