Johannesburg, South Africa — MININGREVIEW.COM — 04 June 2009 – Emerging gold and uranium producer Simmer & Jack (Simmers) produced 9% more gold in the final quarter of its 2009 financial year ended 31 March, than it did in the same three months of 2008.
A company production report released here revealed that the group produced 183 036 ounces of gold for the full financial year – 9% above the167 912 ounces produced during FY 2008.
For the fourth quarter of the 2009 financial year the Group produced 48 298 ounces gold, compared to 51 879 ounces in the previous quarter. The 7% reduction was primarily due to the First Uranium decision to focus on the completion of shaft rehabilitation work at its Ezulweni mine. “This is an important milestone as it allows the shaft to be available for full utilisation of underground mining and development activities going forward,” the report added.
During the 2009 financial year Simmers also achieved the following:
- Improved safety levels at all operations;
- Advanced refurbishment, construction and development activities at both Ezulwini mine and Mine Waste Solutions (MWS);
- Commenced on-site gold production at Ezulwini mine;
- Completed Phase One and Two of the three-phase rehabilitation of Buffelsfontein gold mine’s (BGM’s) high-grade Number Five shaft;
- Built and commissioned a test-heap leach pad at Elandsdrift and proved the viability of this high-margin mining method in the Transvaal Gold Mining Estate Limited (TGME), goldfield;
- Began the permitting process around three new heap leach targets at TGME;
- Improved underground recoveries at TGME from 37% to overall recoveries of 65%, without the use of BIOX technology;
- Completed commissioning of the MWS Phase 1A gold plant expansion and established MWS as one of the lowest-cost gold producers in South Africa in its first full-year of production;
- Concluded two-year wage agreements at all of its operations;
- Secured sufficient independent power supply to ensure that future Eskom power shortages would not impact on production at First Uranium’s two projects.
Simmers and First Uranium CEO Gordon Miller commented, “This has been a critical year for Simmers in that we have made good progress in advancing each of our development projects. First Uranium is now in uranium production at Ezulwini Mine, which also completed its first full year of gold production.
“The highlights of the quarter were undoubtedly the acquisition of Tau Lekoa from AngloGold Ashanti, which will transform Simmers into the fourth largest gold producer in South Africa, and the commissioning of the uranium plant at Ezulwini Mine,” he added.