Mining giant Independence Group NL [ASX:IGO] continues to stay ahead of the game, as their shares slightly increased by 0.80% this morning
While not a large growth, their share value has been rising on a consistent basis all throughout 2017 and going into 18.
Independence Group are now trading at $5.05 a share, when six months ago they were trading for two dollars less.
Continuing to put in hard work
Independence Group are focusing on two mining operations located in Western Australia.
Their quarterly report, which was released in January, states their Nova and Tropicana projects have stayed within production and cost guidelines.
The Tropicana project has turned over more gold than expected.
The West Australian reported that Independence Group’s Managing Director Peter Bradford stated:
‘Our focus now is on delivering consistency and the continued optimisation of our assets coupled with exploration and discovery, across our brownfields sites and belt-scale greenfields projects, to deliver organic growth.’
The Tropicana operation is in it for the long haul. It’s expected to have another 10 years of mining life. A second ball mill is also being installed, in order to increase throughput and recovery processes.
In Western Australia the Nova mine achieved commercial production in July 2017, five years from its initial discovery.
All development capital is expected to be completed by the end of the 2018 financial year.
For Money Morning
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