GJ Town India

A much heavier footfall for brides at the festive!   Update 1: Somasundaram PR, Regional CEO, India at World Gold Council (WGC) said, “Gold buying is an inseparable, nearly mandatory, part of Akshaya Tritiya celebrations for millions of Indians. After two years of covid induced lull, the festive sentiment among trade and consumers appears to be stronger this year, surpassing expectations. Sustained aggressive marketing and trade promotions have played a role in increasing in-store visits and leveraging the occasion.   Digital gold buying platforms also sound upbeat, with small buyers enthusiastically picking up the convenience of purchasing gold for as little as one rupee on their smartphone, without having to worry about purity and transparency. Even with gold prices at a high, initial market feedback point to a buoyant Akshaya Tritiya, due, in no small measure, to a heightened interest in gold among consumers following risks posed by inflation and global uncertainties.”...

Gold production down by 16.1%, Sales decreased by 13.9% Dynacor Gold Mines Inc, a Corporation with a similar volume processed (20,814 tonnes in Q1-2019 vs. 21,035 tonnes in Q1-2018) our production is down by 16.1% compared to Q1-2018 (16,000 ounces in Q1-2019 vs. 19,072 ounces in Q1-2018). This decrease is mainly explained by a 13.1% decrease in the average grade of the available ore purchased and processed. At Operational front, volume of ore processed of 20,814 tonnes of ore DMT compared to 21,035 DMT in Q1-2018. Gold production of 16,000 ounces, a decrease of 16.1% compared to Q1-2018 due to the reduced grades. Yet, Dynacor Gold booked for 32nd consecutive quarter of profits. Sales of $22.9 M in Q1-2019, a decrease of 13.9% compared to Q1-2018 and Gross operating margin of $2.8 M (12.2%) in Q1-2019, a decrease of 22.2% compared to Q1-2018. Over all Net income of $1.2 M ($0.03 per share) in Q1-2019, a decrease of 25.0% compared to Q1-2018. Jean Martineau Presid...

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 ...

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...

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...

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...

Silver production of 321,814 ounces in 2018 Premier Gold Mines announces its fourth quarter and full year production results for 2018. According to the highlights of the Q4 2018 gold production at Mercedes 22,465 ounces produced. By counting continued processing of stockpiles at South Arturo with 577 ounces of gold produced and total quarterly silver production of 120,730 ounces. Looking at full-year 2018 production highlights, Gold production remained of 89,699 ounces and Silver production of 321,814 ounces. Gold production from South Arturo exceeded annual guidance, benefiting from a decision to accelerate processing of the Phase 2 ore stockpile. The Mercedes mine delivered second half production consistent with Company expectations. Steady improvements in the second half resulted in Q4 being the best quarter of the year with production of 22,465 ounces of gold. With Mercedes operations back on track, Premier exceeded its internal production expectations duri...

Parral Project grows 35% GoGold Resources production of 167,974 ounces of silver and 1,858 ounces of gold for 325,148 silver equivalent ounces at the Parral project during the quarter ended December 31, 2018, an increase of 35% from the previous quarter. Mr Brad Langille, President and CEO, stated “The quarter started off slow but we are very pleased with how quickly production improved with December being one of the best months we have had at Parral and we expect Parral will continue to improve in the current quarter”.  Production increased each month during the quarter and the Company expects that there will be continued improvement in the March 31, 2019 quarter. GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico.  The Company’s Parral Tailings project is one of the lowest cash cost silver producers in the world. Headquartered in Halifax, NS, GoGold is bu...

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...

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...

Expects Yaramoko to deliver about 150K Oz gold in 2019 Roxgold announced that the Bagassi South Project has been completed under budget and on schedule with the successful practical completion of its process plant expansion & has achieved practical completion of the processing plant expansion. Continuing ramp-up of the Bagassi South mine during the first quarter of 2019; commercial production is expected to be achieved in the second quarter 2019.   "We have marked yet another significant milestone in providing growth and value to our shareholders with the successful completion of our internally funded Bagassi South project, which has been completed on schedule and under budget," said John Dorward, President and Chief Executive Officer of Roxgold. "We are now looking forward to increasing production at Yaramoko and ramping up to full capacity at both the process plant and Bagassi South where we expect to deliver approximately 150,000 ounces of gold...