BCD Closes Tasmania Mine, Plans to Move on to Local Gold Sources

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.

Click here to read the full Mining Weekly report.