Blackham Resources Limited Announces Gold Production Results for the March 2017 Quarter; Provides Production Guidance for the Quarter and Period Ending 30 June 2017
The company has revised down its production guidance for the period ended 30 June 2017 due to the impact of heavy rainfall and lower mill grades to its Matilda/Wiluna Gold Operation. Forecast production in the period is now expected to be in the vicinity of 43,000 to 52,000 ounces for the financial year ending 30 June 2017, being just over eight months.
Gold production for the June 2017 quarter is expected to improve significantly due to both higher tonnes processed and high grade profile out of the open pits.