Cracow (100% Ownership)

The Cracow underground gold operation is located 500km north-west of Brisbane, Queensland, on the traditional lands of the Wulli Wulli People. Our local communities are Cracow and Theodore. The operation has been a consistent and reliable producer since mining began in 2004. The current mine life is out to 2023 however Cracow has a long track record for replacing mining depletion and maintaining a three to five year mine life.

Cracow continued to perform well in FY19 with total gold production of 80,983oz within the 80,000 – 85,000oz guidance range. AISC of A$1,272/oz was also in line with guidance of A$1,250 – A$1,300/oz. Full year net mine cash
flow was A$36.1 million.

FY20 guidance: 82,500 – 87,500oz at an AISC of A$1,200 – A$1,250/oz.

Cracow continues to drive effectiveness and productivity through innovation with examples including moving to narrower underground stoping, automated water management in the grinding circuit, vulcanised rubber
rotor installation on the high intensity grinding mill and tele-remoting from the surface.