West Wits Mining Chairman Michael Quinert talked with Proactive about the company’s successful $12.5 million capital raise to advance development at the Qala Shallows project in South Africa. The funds represent the final piece of the financing required to bring the project into production. Quinert described the milestone as “the icing on the cake that enables us to go full steam ahead, which we are as we speak.”
The discussion highlighted how favorable gold market conditions are supporting West Wits’ progress. With an all-in sustaining cost estimated at around $1,280 per ounce, Quinert said the company is positioned to generate strong cash flow as gold prices continue to trade higher.
Production at Qala Shallows is expected to commence shortly, with ore already being stockpiled on site. The company aims to achieve first gold pour in the first quarter of calendar year 2026, before ramping up to peak production of around 70,000 ounces per year.
Quinert also pointed to other achievements in the past year, including increasing West Wits’ project ownership to 74%, securing flexible funding options, and positioning for future growth initiatives such as Project 200 and potential uranium-gold restarts.
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