Pacgold's Gold Milestone: First Bars by April
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Pacgold Limited achieves a significant milestone, producing gold from the White Dam heap leach site in South Australia. The company successfully extracted sixty ounces of gold in the first fourteen days of operation, marking their transition from explorer to producer. The heap leach process, involving cyanide solution and carbon tanks, is efficient and cost-effective for White Dams minerals. With gold prices surging, Pacgold anticipates robust margins. The company plans to increase crushing capacity to fifteen hundred tonnes a day, aiming for eighty thousand to ninety thousand tonnes a month. Engineers are also designing a pad expansion for four million more tonnes of ore by July. Upcoming assays from nearby drilling will further boost resources, positioning Pacgold as a promising producer at an opportune time.
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