Endeavour Mining: Ity Gold Project Two Months Ahead Of Schedule
EndeavourMining Corp. (TSX: EDV) reports that construction of its Ity carbon-in-leachproject in C??te d'Ivoire is two months ahead of schedule and on budget. Thefirst gold pour is now expected to occur early in the second quarter of 2019,rather than mid-year as previously planned. “Completing the construction sooneris expected to result in material improvement to our 2019 free-cash-flowgeneration potential as Ity CIL will be a low-cost operation with AISC [all-insustaining costs] expected to be below $500/oz over its first five years,” saysS?(C)bastien de Montessus, president and chief executive officer. The project ismore than 75% completed, with nearly all of the $412 million initial capital costcommitted, Endeavour says.
By Allen Sykoraof Kitco News; asykora@kitco.com
Asanko Gold 3QOutput Rises From 2Q, On Track To Meet Guidance
Wednesday October 17, 2018 08:35
Asanko GoldInc. (TSX, NYSE American: AKG) reports that output at the Asanko Gold Mine inGhana hit a quarterly record of 61,599 ounces in the third quarter, up from53,501 ounces in the second quarter. The July-September tally left the companytracking the higher end of guidance of 110,000 to 120,000 ounces for the secondhalf of the year. “The mine is well positioned to meet full-year goldproduction guidance of 200-220,000 ounces,” says Peter Breese, president andchief executive officer. Quarterly gold sales of 65,267 ounces generated $78.2million in gold revenue at an average realized price of $1,198 per ounce. TheAsanko Gold Mine is a 50-50 joint venture with Gold Fields Ltd. (JSE, NYSE:GFI) but is managed and operated by Asanko.
By Allen Sykoraof Kitco News; asykora@kitco.com
Roxgold Output Rises, On Pace For Upper End Of Guidance
Wednesday October 17, 2018 08:35
Roxgold Inc. (TSX: ROXG) reports that third-quarter productionat the Yaramoko Gold Mine in Burkina Faso came in at 30,532ounces, driven by record quarterly processing throughput of 78,357 tonnes,which was 15% above nameplate capacity. The gold output was up from 28,410ounces in the same quarter a year ago. Production of 106,812 ounces for the first nine months of the year is"positioning us well to meet the upper-end of our 2018 guidance range ofproducing between 120,000 to 130,000 ounces," says John Dorward,president and chief executive officer. “Our Bagassi South expansionproject continues to make excellent progress as both the construction of theprocess plant expansion and mine development at Bagassi South, our secondhigh-grade underground gold mine, continue to be on schedule, with first oreexpected by the end of the year.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Premier: Mercedes Output Up 26% From Second Quarter
Wednesday October 17, 2018 08:35
Premier Gold Mines Ltd. (TSX: PG) reports consolidatedthird-quarter output of 20,100 gold ounces and 89,512 silver ounces. The bulkof the production came from the Mercedes Mine, which churned out 17,465 ounces of gold, a 26%increase over the second quarter. Output at this mine is weighted toward thesecond half of the year, the company says. “Overall gold production during thethird quarter met expectations with additional ore being processed fromstockpiles at the low-cost South Arturo mine,” says John Begeman, executivechairman of Premier. “In addition, development and construction commenced onthe next two production phases at South Arturo -- the Phase 1 open pit and theEl Nino underground mine.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Board Member Becomes Interim CEO Of First Mining
Wednesday October 17, 2018 08:35
First Mining Gold Corp. (TSX: FF;FSE: FMG) announcesthe departure of Jeff Swinoga as president and chief executive officer. Boardmember David Shaw has been appointed as interim CEO while the boardbegins a formal search for a new CEO. First Mining is an emergingdevelopment company with a resource base of 7 million ounces of gold inthe measured and indicated categories and 5 million ounces inthe inferred category, with all of this in eastern Canada. In all, the companyhas a portfolio of 24 mineral assets in Canada, Mexico and the UnitedStates.
By Allen SykoraFor Kitco News
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