Sibanye Gold: Ore Grades at U.S. Platinum Project Better Than Expected
September 15 2017 - 11:18AM
Dow Jones News
By Adria Calatayud
Sibanye Gold Ltd. (SGL.JO) said Friday that ore grades at its
platinum group metal operation in Montana, U.S., have been found to
be better than previously expected.
The South African gold and platinum producer said that sampling
of the ore intersection at its Blitz project has confirmed a grade
of 2.3 ounces per ton compared with 0.57 ounces per ton declared in
December 2016.
The company said development of the Blitz project, an extension
of the existing Stillwater mine, is continuing in order to
establish the required infrastructure to begin production. The
project is expected to increase output from Sibanye's U.S. platinum
group metal operations by approximately 300,000 ounces a year once
it is fully operational at some point between the end of 2021 and
early 2022.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
September 15, 2017 11:03 ET (15:03 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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