[miningmx.com] – CENTRAL Rand Gold, the AIM-listed gold junior, said rising levels of underground water had forced it to mine shallower, lower-grade gold reefs, a development that kept the company in the red in the six months ended June.
As a result, it had lowered its underground target to 4,500 tonnes of ore a month, said BDLive citing a results announcement from the company last week. Central Rand Gold would “trim” its workforce accordingly, the publication said.
“It remains too early to fully understand the de-watering trend of the Central Basin,” Central Rand said, adding that it would develop accesses to unmined areas,” said the gold mining company.
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