Page 31 - gmj142-Jan-Mar2-mag-web

The Perth Mint
The Perth Mint
– Australasia’s
– Australasia’s
refiner of choice
refiner of choice
With operations fully guaranteed by the Government of Western
Australia, The Perth Mint has earned a reputation as the lowest risk
With operations fully guaranteed by the Government of Western
Australia, The Perth Mint has earned a reputation as the lowest risk
refinery in Australasia. That’s why we’re trusted with processing more
than 90 per cent of Australasia’s gold production.th processing more
refinery in Australasia. That’s why we’re trusted wi
than 90 per cent of Australasia’s gold production.
perthmint.com/refine
perthmint.com/refine
investment and is averaging $37 million a year at St Ives alone.
“It took us eight months just to set up the business for that but now
it is locked in and we are getting serious reward for that,” Mathews
MINT0272A-FP A4 RefinerOfChoice.indd 1 11/3/20 4:00 pm
said.
MINT0272A-FP A4 RefinerOfChoice.indd 1 11/3/20 4:00 pm
The Invincible deposit is the greatest evidence for Gold Fields’
exploration commitment in WA. Discovered in 2015, the mine has
now produced more than 1.3 moz but still contains 1.44 moz in
reserves and 2.19 moz in resources with mineralisation still open
down-plunge and along strike.
“Invincible just keeps growing,” Mathews said in amazement at the
St Ives has consistently delivered for Gold Fields in recent years
orebody. “We still don’t know how big it will be. That is a much more
cost-effective way of developing ounces rather than making major
acquisitions.” At the company’s newest operation – the 50/50 Gruyere JV with
At Granny Smith, the company is braced for any geotechnical Gold Road Resources Ltd – the orebody is performing well,
according to Mathews.
challenges which come with deeper mines in WA.
“Granny Smith is now 1.2km from surface and in the Eastern “There are no problems with reconciliation, there’s a little bit more
low-grade material, but Gold Road had done a reasonable job on
Goldfields, once you are at 1.2-1.3km there is usually a change
in geotechnical conditions,” Mathews said. “But we’ve got real the resource model,” he said.
strength in our geotechnical management and it will remain a “The one issue has been wear-and-tear caused by the abrasive
consistent 260-265,000 ozpa producer.” material, but the Gruyere plant continues to run above nameplate
The company is spending $20 million a year to keep the reserves in capacity.
place to support that rate and is also considering a second decline “We are testing throughput assumptions now because it is really
to help manage any geotechnical issues. the only lever we have there,” Mathews said.

Inspired people

creating a premier

global mid-tier

gold company

ASX:EVN
www.evolutionmining.com

Page 31
Page 31