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Showing posts with the label gold production

Asanko sales 41,929 ounces of gold in Q1 2022

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An average AGM realized gold price of $1,846/oz Galiano Gold Inc reports first quarter (Q1) operating and financial results for the Company and the Asanko Gold Mine (AGM). Asanko Gold Mine Key Metrics (100% basis)are, Gold production of 42,343 ounces, in line with 2022 production guidance of 100,000- 120,000 ounces of gold. Total cash costs per ounce1 of $1,361 and all-in sustaining costs1 of $1,559/oz during the quarter, resulting in positive cash flows from operations of $3.9 million and AISC margin1 of $12.0 million. The AGM produced 42,343 ounces of gold during the quarter, as the processing plant achieved milling throughput of 1.5Mt of ore processed at a grade of 1.3g/t with metallurgical recovery averaging 69%. Sold 41,929 ounces of gold in Q1 2022 at an average realized gold price of $1,846/oz for total revenue of $77.5 million (including $0.1 million of by-product silver revenue), a decrease of $33.3 million from Q1 2021.  The decrease in revenue quarter-on-quarter was a fu...

Ghana produces +4mn oz of gold per year

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The Africa’s largest gold producer   Asante Gold Corporation says, “Ghana is the Africa’s largest gold producer with the production of +4mn oz of gold per year!” Gold has been continuously mined in Ghana for centuries since it was part of the old Mali Empire in the 14th century, and in more recent times when it was known as the Gold Coast. During 120 years of near continuous production, Ghana’s largest underground mine, AngloGold Ashanti’s Obuasi mine, has recorded production exceeding 33M oz of Au.  In the last 20 years, major and junior companies including Newmont, Kinross, Goldfields, Golden Star, Galiano Gold and Perseus, have also committed significant resources to operations in the country. Ghana is Africa’s largest gold producer, with output of circa 4.0 million troy ounces per year, and is the 7th largest gold producer in the World.   Ghana is a mining friendly country and in 2015 ranked 6th in Africa on the World Bank’s Ease of Doing Business barometer. Other f...

Kirkland to produce 1545K Oz in 2023!

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Kirkland Lake Gold Provides Three-Year Production Guidance!   Kirkland Lake Gold Positioned for Strong Operating and Financial Results in 2021, Company Provides Three-Year Production Guidance   Kirkland Lake Gold announced the Company’s full-year guidance for 2021, including production of 1,300,000 – 1,400,000 ounces, driven by strong growth at Detour Lake Mine, with all-in sustaining costs (AISC) per ounce sold on track to remain unchanged from 2020 levels.  Guidance for 2021 includes increased capital spending largely in support of future production growth at Detour Lake, and a greater commitment to exploration to follow up on recent drilling success at all three of the Company’s cornerstone assets. All dollar amounts are expressed in U.S. dollars unless otherwise noted.   The Company also announced today three-year production guidance which demonstrates the sustainability of solid operating performance and includes growth to 1,405,000 -1,545,000 ounces in 20...

Northern Vertex record gold production!

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13083 Oz of production & earns record revenue in Quarter!   Northern Vertex Mining announce record production of 14,673 gold equivalent ounces and record revenues of $27 million for the quarter ended September 30 from the Company’s 100% owned Moss Gold Mine in NW Arizona.  Gold equivalent production is calculated at realized gold and silver prices for the quarter of $1,887 and $25.32 respectively (74.5:1). Highlights for the quarter ending September 30 th are, 1: Record revenue of $27 million, 2: Record gold equivalent production of 14,673 ounces, 3: Record gold production 13,083 ounces, 4: Record one day gold production of 195 ounces, 5: Record one day silver production of 1,500 ounces, 6: Record of tons crushed for the month of 271,837 tons & 7: $12.1 million cash on hand at September 30, 2020. Ken Berry, President and CEO commented, “I am delighted to share this quarter’s record production results with our shareholders.   In a strong gold market, we hav...

GoGold grows 29% YoY!

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GoGold produce 605K AgEq Oz   GoGold Resources reports record production for the quarter ending September 30, 2020 of 605,287 silver equivalent ounces, consisting of 300,740 silver ounces, 3,414 gold ounces, and 128 tonnes of copper.  Annual production for the Company’s fiscal year which ended on September 30, 2020, was 2.3 million silver equivalent ounces, an increase of 29% over 2019 production of 1.8 million. “Parral continues to perform extremely well for us, with record production in both the quarter and the year.  We produced 2.3 million silver equivalent ounces in our fiscal year ending in September, which is an increase of 29% compared to the prior year.    Parral generated revenue in excess of $13 million US and over $5 million US of free cash flow in the quarter, which is covering the total general and administrative and  our Los Ricos exploration costs,” said Brad Langille, President and CEO.   “The Company has in excess of $52 mil...

Mako measures gold resource over 177K Oz

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San Albino, a highest-grade open pit in the world!   Mako Mining Corp reports the results of an updated mineral resource estimate prepared by Mine Development Associates (MDA), a division of RESPEC, out of Reno, Nevada, at Mako’s wholly-owned San Albino gold project located in Nueva Segovia, Nicaragua. This updated technical report is part of the corporate objectives established for Mako following the management changes that were announced in 2019.    In 2019, an infill drill program was initiated, which grew to over 24,000 meters that focused primarily on the first 120 m from surface at San Albino.  Mako Mining Reports Results of an Updated Mineral Resource Estimate for San Albino by highlighting a Measured and Indicated Resource of 177,800 Ounces with a Diluted Grade of 10.21 g/t Gold. MDA believes that the exploration procedures, sampling and data derived by Mako is high quality and that the Company’s internal geological model was sound and required few change...

Gwalia maintained Full year guidance for FY21

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  Gwalia gold production maintained between 175K to 190K ounces!   St Barbara provides the production update for the September 2020 quarter, Q1 FY21. Consolidated production for the quarter was 72,990 ounces against the Q4 FY20 of 108,612 ounces.   Atlantic Gold produced 27,226 ounces of gold at an average milled grade of 1.29 g/t Au, consistent with expectations for the quarter. The recent Hurricane Teddy did not adversely impact site or production for the quarter. Simberi produced 23,139 ounces of gold in the quarter, at an average milled grade of 1.30 g/t Au. During the quarter, there was some unscheduled maintenance (now completed) to the semi-autonomous grinding (SAG) mill, scrubber and aerial rope conveyor.   As advised on 18 September 2020, a fall of ground at approximately 1,600 metres below surface in the Hoover Decline temporarily interrupted production at the Gwalia mine in Leonora. Rectification work included over 30 metres of lateral rehabilitation i...

Gwalia revised gold production!

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  Eye over 175K Oz in FY 21   St Barbara Ltd advises that a recent fall of ground at the Company’s Gwalia mine at Leonora in Western Australia temporarily interrupted production. This will impact the Q1 September FY21 result, but the shortfall is anticipated to be recovered in Q2 December FY21. It is estimated that approximately 8,000 ounces slated for production in Q1 FY21 will now be delivered as part of Q2 FY21 production. Full year production guidance for FY21 for Gwalia is maintained at between 175,000 to 190,000 ounces.   The fall of ground occurred at the Gwalia underground mine on 8 September 2020, after a large firing triggered a number of seismic events.  The event was reported to the appropriate authorities and all work at depth was suspended pending assessment of the seismic information. The geotechnical risk is well understood and closely monitored.  Further commentary on operations will be provided in the Q1 September FY21 quarterly report schedu...

St Barbara produced over 88K oz for Q3

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St Barbara realised gold price of A$1,810 per oz for Q3 FY19 St Barbara attained consolidated gold production for the quarter ended 31 March 2019 (Q3 FY19) was 88,358 ounces remained lower to the previous, Q2 FY19 of 89,244 ounces. Consolidated All-In Sustaining Cost (AISC) for Q3 March FY19 was A$1,098 per ounce to Q2 FY19: A$1,108 per ounce). The average realised gold price for Q3 FY19 was A$1,810 per ounce is higher over Q2 FY19 of A$1,722 per ounce). Gwalia, situated at Western Australia, gold production for Q3 FY19 was 54,261 ounces surpassed Q2 FY19 of 53,257 ounces at AISC of A$1,016 per ounce & Q2 FY19 had earned A$1,081 per ounce. Mined grade for Q3 FY19 was 11.7 g/t Au remained good over Q2 Dec FY19: 10.4 g/t Au, with 150 kt ore milled while Q2 FY19 had milled 172 kt. Simberi (PNG) gold production for Q3 FY19 was 34,097 ounces fall short to Q2 FY19: 35,987 ounces at AISC of A$1,229 per ounce soars over Q2 FY19 of A$1,146 per ounce. Guidance for FY19 ...

Cost lowered & production hikes!

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SSR Mining increased Production at lower costs! SSR Mining Inc reports consolidated financial results for the first quarter ended March 31, 2019. & that says increased production at lower costs. SSR Mining has achieved quarterly consolidated production of near-record 112,513 gold equivalent ounces at cash costs of $712 per payable ounce of gold sold. Paul Benson, President and CEO said, "Pleasingly, we had a strong first quarter with near-record consolidated production of over 112,000 gold equivalent ounces at lower cash costs, driven by solid performance at all three operations. Seabee achieved record production at near-record low cash costs, while Puna production and costs benefited from a full quarter of processing higher grade Chinchillas ore and increasing by-product credits. As a result, we delivered another quarter of solid financial performance and are well positioned to achieve record production for 2019." First Quarter 2019 remained of solid...

AngloGold cost improved!

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1Q Gold Production was 752K oz! Started a process to review divestment! AngloGold Ashanti said costs improved in the first quarter and all aspects of full-year guidance remained on track, as the Company started a process to review divestment options for its South African assets. Production for the three months ended 31 March 2019 was 752,000oz at an average total cash cost of $791/oz, compared to 824,000oz at $834/oz during the first quarter of last year. All-in sustaining costs from these operations fell 2% to $1,009/oz over the same period. The company delivered a solid Adjusted EBITDA margin of 37%, despite a lower gold price and marginally lower production from certain assets, which it had flagged earlier in February. AngloGold Ashanti is streamlining its portfolio to ensure greater management focus and to concentrate its capital on projects delivering the highest returns. The Company, which said it started a process to review divestment options for its South A...

Gold production tumbles by 13%

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Acacia 1Q produces 104899 oz of gold According to Acacia, “We achieved gold production of 104,899 ounces for the first quarter of the year. While historically our production is typically stronger in the second half of the year, production this quarter was impacted by unanticipated production issues at our North Mara mine. We have taken immediate steps to address these, introducing a revised mining plan in mid-March for both the underground and open pit mines, and we remain confident of delivering against our full year production guidance of 500K to 550K ounces. I would also like to thank our people for their commitment during these times of uncertainty,” said Peter Geleta, Interim Chief Executive Officer.” Gold production for the quarter of 104,899 ounces was 13% below the prior year period mainly due to lower production at North Mara and Buzwagi. Gold ounces sold for the quarter of 104,985 ounces were in line with production.

Asanko sales gold at $1,247/oz

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FY2018 gold sales of 227772 ounces Asanko Gold reports fourth quarter and full year, FY 2018 operating and financial results and provides 2019 guidance for the Asanko Gold Mine (AGM), located in Ghana, West Africa. Asanko Gold Mine of 100% basis registers gold production of 223,152 ounces at AISC1 $1,072/oz, exceeding 2018 production guidance and within the lower end of cost guidance in 2018. FY2018 gold sales of 227,772 ounces at an average realized price of $1,247/oz, generating gold revenue of $283.9 million, including by-product sales and after capitalization of gold sales related to pre-production activities at Esaase. For FY2018, the JV generated operating cash flows of $72.5 million and $100.5 million in operating cash flows before working capital changes. Q4 2018 gold production of 59,823 ounces at AISC1 of $1,072/oz and Q4 2018 gold sales of 61,821 ounces at an average realized price of $1,215/oz, generating gold revenue of $74.2 million, including by-produc...

Resource Increased by 97% oz of gold

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Oceana Gold reports significant increase in mineral resources at Waihi in New Zealand Oceana Gold Corporation announces an updated Mineral Resource estimate for the Martha Underground Project and recent exploration results highlighting continued high-grade gold intersections at the Company's Waihi Gold Mine located in New Zealand. Oceana Gold said, increased total Indicated Resource by 136% to 331,000 ounces of gold. Inferred indicated that increased total Resource of Waihi Gold Mine by 97% to 667,000 ounces of gold. Mick Wilkes, President and CEO, "I am very pleased to announce a further increase to the mineral resource estimate for the Martha Underground Project. Over the past two years, we have made prudent investments in extensively drilling out the mineralised structures beneath the Martha Open Pit. Since that time, we have reported dozens of significant drill intercepts and a growing resource which has now culminated into an Indicated Resource of 331,000...

SSR produces gold more in 7 th year too!

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Produces over 345K Oz of gold in 2018 SSR Mining Inc fourth quarter and year-end 2018 operating results & additionally, we are providing 2019 guidance report says, SSR Mining Achieved total annual production guidance and produced over 345,000 gold equivalent ounces in 2018 and over 88,000 gold equivalent ounces in the fourth quarter, meeting or exceeding initial guidance for a seventh consecutive year. SSR Mining delivered attributable gold equivalent production of over 335,000 ounces in 2018. Annual production of 205,160 ounces of gold in 2018, as fourth quarter gold production of 54,306 ounces led to Marigold mine exceeding the upper end of our revised annual guidance. Delivered record annual gold production at Seabee Mine, the operation achieved the highest annual production in its history, producing 95,602 ounces of gold in 2018, exceeding the top end of the upwardly revised annual guidance. Strong operating performance of Seabee in 2018 & that milled 352...

Acacia produced 521980 oz gold in 2018

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Gold production remained 32% lower YoY   “I am pleased to report that we have achieved gold production of 130,581 ounces for the fourth quarter, bringing our total gold production for the full year to 521,980 ounces.   This is substantially ahead of our initial production guidance for the year of 435,000 to 475,000 ounces. I am proud of the resilience, hard work and dedication shown by our people in realising this achievement despite a challenging operating environment.   Over the last 12 months we have focused on successfully stabilising the business, including a return to free cash flow generation in Q2, and I am pleased to report that we end the year with a net cash balance of US$88 million.” said Peter Geleta, Interim Chief Executive Officer. Gold production for the quarter of 130,581 ounces was slightly ahead of expectations, although 12% lower than the prior year mainly due to the transitioning of Buzwagi to a stockpile processing operation, par...