Balmaine has not been able to produced saleable gold from its Ballarat mine since October 2022, when the Victorian Government ordered the company to cease depositing wastes in the tailings storage facility. As of February 27, 2023, the Ballarat Gold Mine is now fully operational.
Balmaine Gold Pty Ltd, has been placed under voluntary administration with effect from 9 March 2023. On July 15, 2023, the Administrators, Hall Chadwick has listed the mine sales campaign process.
During the ongoing sales process, the gold production activities have remained uninterrupted. The administrators have been overseeing and enhancing the mining operations in collaboration with external mining consultants.
Additionally, efforts to expand the tailing storage facilities have been progressing steadily. |