As work on the underground operation at the Tomingley mine continue, listed miner Alkane Resources reported on Wednesday that it expected production from the processing of stockpiles at the New South Wales-based mine to beat its previous forecast.
Gold production from processing medium-grade stockpiles in April and May totalled 8 886 oz, taking Tomingley’s total production to 46 319 oz for the financial year to date. For the year ended June, production would be 48 000 oz to 49 000 oz, Alkane said, noting that it was above the upper range of its previous guidance of 42 000 oz to 47 000 oz.