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Central Rand Gold in Johanesburg South African

Central Rand Gold in Johanesburg South African make to produce 1,000oz Gold per month for rest of year, its gold output to average 1,000oz per month for the rest of the year after restarting mining activities at its operations in Johannesburg South African.The third quarter was a period of “mixed fortunes” for the South African operating gold miner. A month ago, the company was able to restart operations after a decision by the minister of mineral resources to suspend its mining rights was suspended.

Still, the cancellation, which took effect on September 27, has “severely impacted” the firm’s gold production.
Following the resumption of mining activities, 10,650 tonnes from surface and 2,697 tonnes from underground mining were delivered to the metallurgical plant and stockpile by mid-November.

Central Rand has managed to produce 4,928oz of gold during the quarter at an average cost of US$1,401 per ounce, taking the total production for the year to end October to 12,116 ounces.