Tuesday, 22nd January 2008 (1123 views)

A gold mine owned by Simmers & Jack Mines has increased its production profile in a sustainable way, the firm has announced.

The Buffelsfontein Gold Mine (Buffels) is to be the site of infrastructure developments focused on sustainable success.

This week, Simmers & Jack Mines announced a 16 per cent increase in gold production for the quarter ending December 31st 2007.

Its attributable gold production grew from 35,406 ounces in the third quarter of 2007 to 41,046 ounces in the last quarter.

And the gold producer claims this could have been 30 per cent higher if it were not for a lock-up at Buffels, which occurred when its new CIP plant was commissioned.

"Substantially improved infrastructure at Buffels aimed at improving the production profile in a sustainable manner, and better recoveries at TGME, have also contributed to the increase in production," the firm said.

The mine was acquired by Simmers & Jack in October 2005 after it was placed into provisional liquidation by DRD Gold the previous March.

 

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