Little pandemic pain for Kingsrose

PRODUCTION at Kingsrose Mining’s Way Linggo gold project in Indonesia has suffered little material impact from government efforts to halt the spread of COVID-19.
Little pandemic pain for Kingsrose Little pandemic pain for Kingsrose Little pandemic pain for Kingsrose Little pandemic pain for Kingsrose Little pandemic pain for Kingsrose

Production at Way Linggo has not been impacted by COVID-19 restrictions at this stage.

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The company told the Australian Securities Exchange that its guidance for the 2019-20 financial year remained unchanged at 25,000 ounces to 29,000oz at an all-in sustaining cost of US$930-US$1130 per ounce.

However, the Talang Santo Phase 2 drilling program will be halted at the end of April because Indonesian travel restrictions to help stop the spread of COVID-19 are making it increasingly difficult to adequately supervise the work.

It is estimated the program will be 50% complete.

Limited mining resumed at the Talang Santo open pit in March after a safety review of the wall slip that happened in February.

Mining at Talang Santo is expected to be completed in mid-April and production of dore should continue at the Way Linggo plant into July.

Applications for permits to progress future projects will be lodged once Indonesian authorities return to "business as usual" following the country's COVID-19 measures.

 

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