These factors, together with dilution from increased development, resulted in the average yield declining by 10% to 10.88g/t.
The CLR shaft pillar project allows for stoping operations up to the infrastructural zone of influence. The project, from which production commenced in 2004, is expected to produce 550,000 ounces of gold over a period of 10 years, at a capital cost of $35 million (converted at closing 2004 exchange rate). Approximately $29 million (at closing 2004 exchange rate) has been spent to date. The expected average project cash cost is $134 per ounce.