Blakham expecting less from Matilda/Wiluna in 2017

Gold miner Blackham Resources has downgraded the production expectations at its Matilda/Wiluna project, in Western Australia, on the back of heavy rainfalls and lower mill grades. Blackham had initially forecast output of 60 000 oz to 70 000 oz of gold in the financial year to June 30; however, the miner on Monday downgraded this to between 42 000 oz and 51 000 oz.