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Showing posts with the label gold pouring

Ore led PureGold for first production!

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First ore delivered on time & on budget   Pure Gold Mining Inc announces a major milestone with first ore introduced to the mill at the Company’s high-grade PureGold Mine, in Red Lake, Ontario. With ore delivered and first gold production scheduled this month, commissioning activities will transition into full scale ramp up of the mining and milling operations over the coming quarter. “This is a very exciting day for our shareholders, the community of Red Lake, and our entire team,” stated Darin Labrenz, President and CEO of PureGold. “The introduction of ore to the milling facility reflects the successful culmination of our project build, and signals the commencement of the next chapter in our Company’s evolution as Canada’s newest gold mine.  Just last year, we announced our intention to become a producer and we are delivering on that promise, on-track and on schedule for first gold production this month.  Bringing a mine on-stream in 2020 is a firm testament to our incredibl

Dynacor produced over 13K Oz in 3Q

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Dynacor returns to profit,   Increase of 34% YoY d uring 3Q   Dynacor returns to profit in Q3-2020; highest cash gross operating margin per ounce since 2014 of $304 per ounce, a year-over-year (YoY) increase of 34%; operating at full capacity with near-term plans to expand!   Dynacor Gold Mines has released its unaudited consolidated financial statements and the management’s discussion and analysis (MD&A) for the third quarter ended September 30, 2020. These documents have been filed electronically with SEDAR and will be available on the Corporation’s website.   After a three-month stoppage due to the Covid-19 crisis, which ended a streak of thirty-six (36) consecutive profitable quarters, the Corporation successfully resumed its ore purchase and processing activities, immediately returning to profits. During Q3-2020, the Corporation gradually increased ore purchases and generated sales of $ 24.1 million recording a net income of $ 1.2 million ($0.03 per share). Q3, 2020 o

Roxgold guidance over 120K Oz

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  Produces 33,5O57 Oz in 3Q   Roxgold preliminary production results for the third quarter of 2020 from the Company’s Yaramoko Mine Complex located in Burkina Faso.   Produced 33,557 ounces of gold at an average grade of 7.7 grams per tonne in Q3, totalling 98,749 ounces produced for the year to date. Roxgold reported quarterly plant throughput of 1,424 tonnes per day for a total of 131,029 tonnes which exceeded increased nameplate capacity of 1,100 tpd by approximately 29%. Maintained upper end of annual gold production guidance at 120,000 and 130,000 ounces subject to existing operating conditions being maintained, continued management and mitigation of Covid-19 to minimize impacts on operations with reduced personnel due to travel restrictions and protection protocols at Roxgold. “Roxgold reports another positive quarter of operations from the Yaramoko Mine Complex, as our employees, contractors and local communities have all joined together to ensure a safe and secure working e

Paradine Gold Mill Nears Completion

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  Winston prepares to produce First Ounces of Gold!   Winston Gold Corp announces that its Paradine Mill in Radersburg, Montana is nearing completion. So far 2,500 tons of mineralized rock from the company’s ongoing bulk-sampling program at the Winston Gold Mine is at the Mill awaiting initial processing. The Paradine Mill is located just 35 miles (56 km) by paved road from the Company’s wholly-owned Winston Gold project.  “We are pleased to report that after only 40 days of rehabilitation work, the Paradine mill upgrades are almost complete,” stated Murray Nye, “We are now just waiting on the delivery and installation of a jaw crusher and a closed circuit cone crusher.”   The Paradine Mill is currently rated for a 150 ton-per-day operation; however there is ample room for expansion if necessary.  A new lined settling pond has been constructed for tailings disposal with a 35,000-ton capacity and two additional ponds are being built.    Winston gold has already stockpiled about 1300 t

Marigold produced 4mn oz of gold

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Marigold Mine Increased 2020 Exploration Budget! SSR Mining Inc announces that our Marigold mine achieved another major milestone with the production of its four millionth ounce of gold on June 30, 2020. The Marigold mine has been in continuous operation for more than 30 years and produced a record 220,227 ounces of gold in 2019. Paul Benson, President and CEO said, “Four million ounces of gold from continuous production is a testament to the scale and quality of the Marigold deposits and the commitment of the Marigold team. Since the mine began operating in 1989, it has consistently replaced Mineral Reserves and Mineral Resources and today it has a longer mine life than when it opened. We are advancing several exploration targets across our Marigold, Valmy, and Trenton Canyon land packages which have the potential to increase Mineral Resources. With the recent promising sulphide ore intercepts at Trenton Canyon, the Marigold mine continues to demonstrate its explo