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Asanko Gold 3Q Output On Track To Meet 2017 Guidance

Kitco News

Asanko Gold Inc. (TSX, NYSE MKT: AKG) says production in the third quarter of 49,293 gold ounces is on track to meet 2017 guidance of 205 to 225,000 ounces. The company says it generated $63.6 million in gold revenue at an average realized price of $1,265 per ounce. The company operates the Asanko Gold Mine in Ghana, West Africa. Peter Breese, president and chief executive officer, says the quarterly output “very respectable” considering July and August production were impacted by three mill motor outages that meant 5,000 ounces of lost output. The quarterly production was still up from 46,017 in the second quarter although down from 58,187 in the first. "Overall, our quarterly production performance for Q3 was very encouraging, with positive results in a number of key areas: reconciliations confirming the Nkran resource model, management of ore losses and dilution and the plant achieving milling rates in excess of 13,500 tonnes on a per-day campaign basis,” the CEO says.

By Allen Sykora of Kitco News; asykora@kitco.com

 

McEwen Mining Reports Decline In 3Q Output

Thursday October 19, 2017 08:25

McEwen Mining Inc. (NYSE, TSX: MUX) reports consolidated production in the third quarter of 19,051 gold ounces and 749,749 silver ounces for a total of 29,047 gold equivalent ounces, using a 75-to-1 gold to silver ratio. This is down from 36,496 gold-equivalent ounces in the same quarter of 2016. The company reports that the purchase of the Black Fox complex, completed earlier this month, boosts consolidated 2018 production guidance to between 172,000 and 185,000 gold-equivalent ounces.

By Allen Sykora of Kitco News; asykora@kitco.com

 

Goldcorp Completes Sale Of Copper-Zinc Project

Thursday October 19, 2017 08:25

Goldcorp Inc. (TSX: G, NYSE: GG) announces completion of the previously announced sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Mexico, to Teck Resources Ltd. for $50 million. The closing follows Mexican anti-trust approval.

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.

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