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Northern Star Resources reports variable performance at $1.7bn Fimiston mill expansion
Northern Star Resources reports variable performance at its $1.7bn Fimiston mill expansion in Kalgoorlie.
Northern Star Resources disclosed on Monday that its $1.7 billion Fimiston mill expansion in Kalgoorlie faced variable performance during October due to commissioning issues like motor control system faults. These operational hurdles reduced the monthly gold production forecast to 15,300 ounces and shifted full-year Super Pit output toward the lower end of the 550,000 to 650,000-ounce guidance range.
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Northern Star Resources reports variable performance at $1.7bn Fimiston mill expansion
Northern Star Resources revealed on Monday that plant performance at its expanded Fimiston mill remained variable during October, just three months into the commissioning phase. The $1.7 billion facility, located at Kalgoorlie's Super Pit, is expected to double the mine's capacity to 27 million tonnes a year once fully operational. The company described these teething problems as causing significant headaches for the gold miner during the initial ramp-up period. Investors and analysts are now monitoring the timeline for the mill to reach full production capacity and assess the impact on the company's output goals.
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