Kirkland Lake Gold 1Q Gold Production Exceeds Target
Kirkland Lake Gold Ltd. (TSX, NYSE: KL;ASX: KLA) reports gold production for the first quarter came to 147,644 ounces,an increase of 13% from the same period a year ago. Output exceeded targetlevels, driven by record monthly production in March of 71,615 ounces, whichlargely reflected positive grade performance at both Fosterville and Macassa,Kirkland says. The company says it expects production to increase in the secondhalf, including at Fosterville with the commencement of stope production fromthe Swan Zone. “In Canada, all our mines performed well in Q1 2018, withMacassa achieving record quarterly production and both Holt and Taylorexceeding target production levels for the quarter,” says Tony Makuch,president and chief executive officer. “In Australia, Fosterville finished thequarter ahead of plan, reflecting positive grade reconciliations, withproduction increasing 39% from Q1 2017. Entering the second quarter, we arevery much on track to achieve our consolidated production guidance for 2018 ofmore than 620,000 ounces.”
By Allen Sykoraof Kitco News; asykora@kitco.com
GuyanaGoldfields: 1Q Output In Line With Guidance
Monday April 09, 2018 09:32
GuyanaGoldfields Inc. (TSX: GUY) says first-quarter gold output from Aurora GoldMine was around 38,500 ounces, in line with annual production guidance.The mill processed a record 6,700 tonnes per day of ore at an average headgrade of approximately 2.35 grams per tonne gold with gold recoveries averaging91.0%, the company says. A first-phase mill expansion was completed on time andslightly under budget, Guyana reports. Grade and production is expected to beweighed towards the second half of the year due to mine sequencing andincorporating a higher throughput capacity with the completion of the first andsecond phases of the mill expansion.
By Allen Sykoraof Kitco News; asykora@kitco.com
Gran Colombia: 1Q Gold Output Up 35% From Year Ago
Monday April 09, 2018 08:50
Gran Colombia Gold Corp. (TSX:GCM) reports that output of 18,633 ounces of gold in March brought the first-quarter total to 52,672 ounces, up 35% year-on-year. Further, this brings trailing 12-months gold production to 187,485 ounces, up 8% from 173,821 in 2017 and within the company’s guidance for 2018 of between 182,000 and 193,000 ounces. For its Segovia operations, Gran Colombia reports first quarter output of 46,472 ounces, up 42% from the first quarter of 2017.
By Allen Sykoraof Kitco News; asykora@kitco.com
Centamin:1Q Gold Output Up Year-On-Year But Down From 4Q
Monday April 09, 2018 08:50
Centamin (TSX: CEE; LSE: CEY) announces that preliminary first-quarterproduction from the Sukari Gold Mine in Egypt was 124,296 ounces, a 19%reduction quarter-on-quarter but 14% increase year-on-year. The companymaintains full-year guidance of 580,000 ounces.
By Allen Sykoraof Kitco News; asykora@kitco.com
Avesoro: 1Q Gold Output In Line With Guidance
Monday April 09, 2018 08:50
Avesoro Resources Inc. (TSX, AIM:AS0), reports record gold output at its African operations of 68,088 ounces inthe first quarter, in line with 2018 production guidance. This includes recordoutput of 27,870 ounces from New Liberty, an increase of 9% on the previousquarter, and record production of 40,218 ounces from Youga and Balogo, anincrease of 39% on the previous quarter. The company is on track to meetfull-year guidance of between 220,000 and 240,000 ounces, says Serhan Umurhan,chief executive officer. “Eachof our mines performed in line with our expectations,” he says. “New Libertyplant optimizations are now complete and combined with the recent additions tothe mining fleet, the quarter delivered record quarterly gold productionlevels.”
By Allen Sykora
For Kitco News
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asykora@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.