Pacgold Starts Heap Leach at White Dam — Gold Production & Cash Flow Loom
ASX-listed Pacgold Limited has begun cyanide heap leaching at its White Dam gold project in South Australia, marking a transition from acquisition to imminent gold production and potential near-term cash flow.
🔹 Heap leaching underway: Up to 250,000 tonnes of ore on the first lift of the existing heap leach pad is being irrigated with cyanide to extract gold.
🔹 Near-term gold production: Irrigation and processing are expected to run over the next 5–6 weeks, with ore processed and sold quickly to generate initial cash flow.
🔹 Low-risk restart: White Dam has a history of production (~180,000 oz from 2010–2018) and existing infrastructure in place, presenting a lower-risk path to first gold.
🔹 Exploration follow-up: Drilling and resource upgrades are planned for early 2026 to refine future production plans.
Why This Matters:
Pacgold’s move into heap leach processing — a cost-efficient method to extract gold from low-grade and residual ore — could fast-track production and unlock cash flow without heavy new capital expenditure. This may strengthen the company’s financial position and support exploration across its broader portfolio in a high gold price environment. �
Price Levels to Watch:
📍 Gold price environment: Strong global gold prices support economics for near-term production.
📍 ASX:PGO — watch for re-rating on early production results or cash flow news.
Capex light, infrastructure ready, and experienced heap leach assets mean Pacgold could shift quickly from explorer to cash-generating producer — a key milestone for junior mining companies.
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