Maximising the value of our own asset portfolio – The 8 Shaft Pillar reached steady state production in June 2020 following delays due to the COVID-19 pandemic.

 

Operational and Performance Review 2022

Performance FY22

operational & performance review 2022
0 Ounces
Gold Produced
0 oz/annum
Annual capacity
0
Employees
0
contractors
0 years
life of mine
0
AISC

Performance By Operation

Evander Underground

Evander 8 SHAFT Pillar

  • Pillar mining achieved a steady state – outperformed in FY22
    • Production increased by 35.6% to 48,850oz (FY21:36,016Ooz)
  • AISC decreased to US$1,112/oz (FY21: US$1,604)
    • Improved tonnages and higher grades
    • One of the lowest-cost underground gold mines in Southern Africa
  • Improved safety rates despite an increased number of crews to mine higher tonnages
  • Crews to be deployed at 24 Level as pillar extraction winds down

Evander 24 Level

  • Development and infrastructure for mining progressing according to plan
    • Mining of F raise line stopes to commence shortly
  • Phase 1 of refrigeration plant construction completed
    • to be commissioned in September 2022
  • Mining will extend the production profile of 8 Shaft by 2.5 years, post extraction of the 8 Shaft pillar, and maintain current gold output