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BCD Closes Tasmania Mine, Plans to Move on to Local Gold Sources
Jul. 06, 2012 03:59PM PST
Precious MetalsMining Weekly reported that BCD Resources (ASX:BCD) is wrapping up operations at its Tasmanian mine after announcing last November that it planned to close the mine due to weak gold prices.
Mining Weekly reported that BCD Resources (ASX:BCD) is wrapping up operations at its Tasmanian mine after announcing last November that it planned to close the mine due to weak gold prices.
As quoted in the market news:
Gold production for the three months to June reached 10 823 oz, at an operating cost of A$786/oz, with an average gold price of A$1 597/oz achieved. The miner said that July gold production, including the removal of gold-in-circuit, was expected to be around 1 200 oz.
[CEO Peter] Thompson said that BCD was now looking forward to applying its plant infrastructure and expertise to produce gold from various local sources.
