PRECIOUS METALS

Gold price rally increases Alkane's outlook

ALKANE Resources says the sustained rally in the gold price has caused it to revisit its operational plan for its Tomingley gold project in New South Wales, and it should produce substantially more gold for 2020-21 than envisaged when it announced its new underground strategy in late 2018.

 The mill at Tomingley will be working harder than expected.

The mill at Tomingley will be working harder than expected.

The miner now expects to produce between 45,000-50,000 ounces at an all-in sustaining cost of A$1450-1600/oz for the new financial year.   Last financial year the miner met its guidance, producing...

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