The owners of North Queensland’s Ravenswood Gold operation have kicked off a formal sales process to ‘explore market opportunities’ for the asset.

Ravenswood Gold said the move came after the site’s recent outstanding performance, along with strong gold prices and substantial mine life, had attracted significant interest from mining operators seeking investment opportunities.

In response to this interest, joint owners EMR Capital and Golden Energy and Resources have engaged UBS Bank and Azure Capital to manage the sales process.

“While still in its early stages, Ravenswood Gold remains fully committed to its employees, the local community, and its leadership position in Queensland’s mining sector,” the operator said in a written statement.

“Ravenswood Gold values the ongoing support of our stakeholders as they work toward a prosperous future for both Ravenswood Gold and the broader region.”

Related: Ravenswood Gold celebrates production record

The operation recently reported a record-breaking September quarter, producing 54,500oz of gold.

The all-time record quarter for the site included a bumper 20,600oz produced in August alone.

Ravenswood Gold said the result put the operation on track for an annualised production rate of 218,000oz, consistent with its long-term forecast of 220,000 to 250,000oz.

It follows a $450 million-plus expansion project at the operation, which is located just outside of Ravenswood town .

The site, with more than 450 employees, is drawing on two bulk open-pit mining operations: Buck Reef West and Sarsfield-Nolans.

It has a processing capacity of 8.6Mtpa through a carbon-in-leach (CIL) facility.

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