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South Africa

Kalgold Mine

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
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SnapshotKalgold is an open-pit mining operation. The mine extracts ore from a series of satellite orebodies, situated along a six Kilometre North-South striking BIF deposit zones. Kalgold has its own processing plant situated adjacent to the mine.

Exploration drilling at Kalgold has yielded favourable results, with the completion of the FY24 drilling programme the operation has the potential to be further expanded.

Owners

SourceSource
CompanyInterestOwnership
Harmony Gold Mining Company Ltd. 100 % Indirect
Kalahari Goldridge Mining Company Limited (operator) 100 % Direct
Kalgold is wholly-owned and operated by Harmony.

Contractors

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Deposit type

  • Banded iron formation hosted

Summary:

The Kraaipan Greenstone Belt forms part of the Kaapvaal Craton and is overlain by late Archaean Ventersdorp lavas and tertiary sediments. The Kraaipan Group consists of three formations: the Khunwana, Ferndale and Gold Ridge formations. The Gold Ridge Formation is the oldest and contains banded iron formations, the host rock of gold mined in the Kalahari Goldridge deposits.

The Kalgold operation is located within the geological terrain of the Archaean Kraaipan Greenstone Belt. This greenstone environment is exposed in discontinuous outcrops of steeply dipping rocks, which define three narrow, sub-parallel belts that strike approximately north- south. The Goldridge deposits occur within the central belt, which comprises banded iron formations, magnetite quartzite, chert, greywacke, shale and schist. The greenstones are surrounded by intrusive granites and gneisses. These rocks have a complex history of deformation, which includes folding, faulting and shearing.

Younger cover rocks include isolated patches of lavas of the Ventersdorp Supergroup with much of the area blanketed by Aeolian Kalahari sands. Sparse outcrops of quartz porphyry belonging to the Makwasie Formation also occur. Several large dykes with a predominant east-west trend have intruded the region.

The geology of the lease area and its immediate vicinity is characterised by ferruginous chemical and clastic sediments inter-bedded with metalavas and non-ferruginous meta-sedimentary rocks. Outcrops in the area are sparse and generally restricted to ferruginous rock types, which are more resistant to erosion. Magnetite quartzite and clastic sediments form a low ridge to the west of the lease area.

Eastwards of this unit, the iron-rich rocks generally comprise chemical sediments represented by magnetite-rich banded iron formations, cherty banded iron formations and banded chert. These units are interbedded with mafic schist, greywacke and sparse black shale.

The geology of the lease area and its immediate vicinity is characterised by ferruginous chemical and clastic sediments inter-bedded with meta-lavas and non-ferruginous metasedimentary rocks. Outcrops in the area are sparse and generally restricted to ferruginous rock types, which are more resistant to erosion. Magnetite quartzite and clastic sediments form a low ridge to the west of the lease area. Eastwards of this unit, the iron-rich rocks generally comprise chemical sediments represented by magnetite-rich banded iron formations, cherty banded iron formations and banded chert. These units are interbedded with mafic schist, greywacke and sparse black shale. The geology of the D-Zone is used as a benchmark at Kalgold. The new pits are well established at the A-Zone and Watertank areas, and the blast hole database is now significant. The geology consists of mafic schist, which forms the immediate footwall, a banded iron formation horizon as the main orebody and a succession of clastic sediments consisting of shale, greywacke and volcanic conglomerates as the hanging wall.

Gold mineralisation is hosted by steeply dipping banded iron formations interbedded with schist, shale and greywacke. Banded iron formations consist of rhythmically banded chemical sediments comprising alternating light and dark laminae, which vary from 10mm to 50mm in thickness.

The banded iron formations are oxidised to a depth of about 40m to 60m below surface. Near surface the material is red and porous, composed of quartz, hematite and goethite with minor magnetite. At depth, the unaltered banded iron formation consists of quartz, siderite, pyrite, pyrrhotite and magnetite with minor chlorite, calcite and stilpnomelane. In general, gold mineralisation has an erratic and localised distribution. Individual gold grains are on average less than 10µm in diameter and occur in clusters. Gold is generally associated with goethite in the weathered rocks and with pyrite and pyrrhotite in the fresh material.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2024202320222021202020192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe40,15640,18938,74235,46338,517
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,619 kt1,550 kt1,506 kt1,479 kt1,472 kt

Production Costs

CommodityUnits2023202220212020201920182017
Cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,220 / oz   1,095 / oz   1,057 / oz  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,369 / oz   1,336 / oz   1,278 / oz  

Operating Costs

Currency20172016
Total operating costs ($/t milled) USD 25  23  

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 4   8   7  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 53   55   51  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 3   12   10  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 15, 2023
....................... Subscription required ....................... Subscription required Subscription required Nov 15, 2023

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required ...... Subscription required ...... Subscription required 2018
...... Subscription required ...... Subscription required ...... Subscription required 2017
...... Subscription required ...... Subscription required ...... Subscription required 2016
...... Subscription required ...... Subscription required ...... Subscription required 2015
...... Subscription required ...... Subscription required ...... Subscription required 2014

Aerial view:

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