EAST RAND PROPERTIES
Location:
South Africa, Gauteng
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Property NewsOctober 31, 2002 The mining operations of the Petrex Group comprised 8 shafts and 3 open pit operations. Total production from all areas for the year ended Jun30/02, was 137,180 oz of gold from 1,501,000 tonnes of ore. Of this total, 39,030 oz of gold were produced from the open pit and cleaning operations, or 28.5 % of total production, from 488,000 tonnes of ore. Total cash costs including development capital and water pumping costs averaged approximately USD218 per ounce. October 31, 2002 The mining operations of the Petrex Group comprised 8 shafts and 3 open pit operations. Total production from all areas for the year ended Jun30/02, was 137,180 oz of gold from 1,501,000 tonnes of ore. Of this total, 39,030 oz of gold were produced from the open pit and cleaning operations, or 28.5 % of total production, from 488,000 tonnes of ore. Total cash costs including development capital and water pumping costs averaged approximately USD218 per ounce. |
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