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The Challenger Gold Mine has successfully met all its mining and processing targets to date, with operating costs since first production in 2002 averaging $357 per ounce. A summary of production statistics for the Challenger Mine for the past three financial years is shown below:
Challenger Production Statistics
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2005/06 |
2006/07 |
2007/08 |
2008/09 |
| Tonnes mined (tonnes) |
387,585 |
383,349 |
449,527 |
430,798 |
| Ore Processed (tonnes) |
375,955 |
373,924 |
432,895 |
434,087 |
| Head Grade (g/t) |
9.52 |
9.66 |
8.35 |
7.54 |
| Recovery (%) |
94.3 |
93.4 |
93.8 |
94.0 |
| Gold Produced (ozs) |
108,080 |
108,191 |
109,326 |
98,755 |
| Cash Operating Cost (per tonne) |
$80.64 |
$89.30 |
$92.70 |
$99.65 |
| Cash Operating Cost(per oz) |
$280 |
$309 |
$367 |
$438 |
2005/06 was the first full year of underground production at Challenger, which saw the operation exceeding all targets with the pace of both development and production from stoping surpassing budgets in terms of tonnes and grades delivered.
From the start of production in October 2002, a total of 566,635 ounces of gold had been recovered by 30 June 2009 at an average operating cost of $357 per ounce. This was achieved from processing a total of 2,827,771 tonnes of ore.
For the latest information on this project, please refer to the Investor Centre on this website or click on the following links; ASX Announcements, Quarterly Reports and Annual Reports. |
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