Larvotto Resources hits production milestone at Hillgrove, targeting 4,900 tpa of antimony and 40,500oz of gold annually to satisfy key offtake contracts.
Larvotto has commenced production of gold and antimony concentrate at Hillgrove, a key milestone enabling delivery on offtake agreements.
Glencore has a seven-year offtake agreement for gold concentrate from Hillgrove, securing supply.
Hillgrove gold production adds a small amount of supply, but is unlikely to move global gold prices.
Hillgrove antimony production contributes to global supply, but the impact is limited.
Larvotto Resources has officially commenced production of gold and antimony concentrate at its Hillgrove Mine in New South Wales. The milestone follows a successful plant upgrade and enables the company to begin fulfilling long-term offtake agreements with Wogen Resources and Glencore.
It marks the transition from redevelopment to operational status, allowing Larvotto to fulfill binding offtake agreements for gold and antimony.