Doray Minerals delivered an impressive performance in its first full quarter of gold production from its Andy Well project. The project is one of the most high-grade and low-cost gold operations in Australia.

Quarterly gold production was 24,100 ounces at 13.1 grams per tonne with cash costs coming of $448 per ounce. During the December quarter Doray sold 25,719 ounces at an average price of $1472 per ounce, compared with the average spot price of around $1360 per ounce.