Alkane Resources' Tomingley Gold Operations (TGO) produced more of the precious metal than forecast in the last quarter, generating revenue of $38.2 million.
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A total of 15,919 ounces of gold were poured for the quarter. The site cash costs for the quarter were $720 per ounce with an all-in-sustaining cost of $1201 per ounce.
Alkane Resources reports of selling 16,613 ounces of gold at an average price of $2302 per ounce during the quarter.
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The company is pursuing its plan to prolong the life of the TGO by developing nearby Roswell and San Antonio prospects, with an approvals process underway.
Feasibility plans, that include both open-cut and underground mines at the prospects, are expected to be finalised in the next few months.
