WPG output falls in line with plan to lower costs

Gold miner WPG Resources has reported a decline in production for the September quarter, as the company implemented a new mine and mill plan aimed at reducing all-in sustaining costs (AISC) to about A$1 200/oz by the June quarter of next year. The strategy, which was finalised in May this year, will require the completion of a pushback at the Tarcoola mine, in South Australia, the re-investment in the underground development of the Challenger mine, also in South Australia, the increase in the throughput at the Challenger mill and the systematic drilling at Challenger to bring deeper areas into the mine plan.