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Horizon Minerals Gearing Up for Gold Production in September 2024, CEO Says
Jul. 15, 2024 12:55PM PST
Gold Investing“We'll start mining in this half (of the year) and filling those mills, start to generate gold bars and generate cash for the business. And what we want to do is also fill our project pipeline ... so that we can be at sustainable production beyond this next year, and continue mining for the years to come,” said Horizon Minerals CEO Grant Haywood.
Horizon Minerals (ASX:HRZ) will begin production at the Boorara gold project by September 2024 amid a continuing strong gold price environment, according to CEO Grant Haywood.
The company’s recent merger with Greenstone Resources added about 0.5 million ounces of high-grade resources to Horizon, taking its total resource to 1.8 million ounces. With a large resource base, the company is implementing a dual-track strategy to advance the combined assets.
“The two strains of the strategy are near-term cashflow. And the idea is that we'll develop and mine our assets using existing infrastructure in the region … So we're able to leverage up those processing facilities and use contract mining to mine some assets. But we have aspirations of being a mid-tier gold producer as well,” Haywood said.
“We'll start mining in this half (of the year) and filling those mills, start to generate gold bars and generate cash for the business. And what we want to do is also fill our project pipeline … so that we can be at sustainable production beyond this next year, and continue mining for the years to come," he added.
Watch the full interview with Horizon Minerals CEO Grant Haywood above.
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