Dallaglio – Gold Production Increases by 39%
Dallaglio’s Gold production increased by 39 per cent during the three months ending 31 March 2024, compared to the same period last year, due to an increase in tonnes milled and mill feed grade. The company announced this through a trading update for the first quarter.
Patricia Rwafa
Dallaglio Holdings owns Pickstone Peerless and Eureka Gold Mine, one of the country’s highest-gold-producing mines.
The initial phase of the Pickstone Peerless Mine underground (PUG) project was officially commissioned by President Mnangagwa, on 10 April 2024. Meanwhile, ore hoisting from PUG continued in parallel with Phase 2 of the underground development.
In a trading update released on 14 May 2024, A.D. Lorimer, Secretary General of Padenga Holdings, said:
“Gold production for the three months ending 31 March 2024 increased by 39% (751.6 kg vs. 541.4 kg) compared to the same period last year. This was achieved due to a 7% increase in tonnes milled, which rose to 457,444 mt from 427,702 mt recorded for the same period last year.”
The increase was attributed to optimized plants throughout Eureka Mine, as well as the addition of a new mill at Pickstone Peerless Mine. Mill feed grade also registered a 2% increase (1.47 g/mt vs. 1.44 g/mt).
The group has embarked on further capital expenditure at Pickstone Peerless for Phase 2 of the underground project in line with the budget. Other projects earmarked for 2024 include the Pre-Leach Thickener and Solar Project at Eureka Mine.