What's Happening?
West Wits Mining has commenced underground ore production at its Qala Shallows gold project in South Africa's Witwatersrand basin. This marks a significant milestone in the company's efforts to establish
a long-life gold operation. The project aims to build a 30,000-ton ore stockpile by early 2026, ensuring a consistent supply to Sibanye-Stillwater's Ezulwini processing plant. The initial production rate is set at 15,000 to 20,000 tons per month, with plans to increase to 65,000 tons within three years. Gold production is expected to reach approximately 70,000 ounces annually over a 12-year period.
Why It's Important?
The start of underground ore production at Qala Shallows represents a critical step in West Wits Mining's strategy to capitalize on the rich resources of the Witwatersrand basin. This development is poised to enhance the company's operational capacity and contribute to the local economy by creating jobs and stimulating related industries. The partnership with Sibanye-Stillwater for ore processing underscores the collaborative efforts within the mining sector to optimize resource utilization and efficiency.
What's Next?
West Wits Mining will focus on ramping up production and expanding its operations to achieve the targeted output levels. The company is likely to continue investing in infrastructure and technology to support its growth objectives. As production increases, West Wits may explore additional partnerships and market opportunities to maximize its returns and strengthen its position in the global gold market.
