Asset Report

Thunderbox gold mine

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11 September 2017

Thunderbox gold mine

Report summary

Thunderbox is a past producing mine with operations having stopped in 2008. Saracen acquired the project from Norilsk in 2014 and commissioned a new feasibility study. In 2016, its first full year of production Thunderbox produced 87koz Au at a total cash plus sustaining capex unit cost of US$1,036/oz. Production is expected to increase to around 125koz Au in 2017, with costs modelled to fall to around US$699/oz as the operation settles into steady state production.

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