The Ernest Henry copper-gold operation is a large-scale, long-life asset operated by Glencore. The operation employs a sub-level caving ore extraction method. It is located 38km north east of Cloncurry, Queensland.
Total FY19 gold production of 98,689oz was well above guidance of 85,000 – 90,000oz. AISC of A$(539)/oz was within guidance of A$(575) – A$(525)/oz.
Full year mine operating cash flow was A$231.8 million. Net mine cash flow was A$222.2 million. FY20 guidance: 87,500 – 92,500oz at an AISC of
A$(590) – A$(540)/oz.