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Premier Gold Mines On Track To Meet 2018 Guidance

Kitco News

Premier Gold Mines Ltd. (TSX: PG) reports first-quarter gold production of 30,550 ounces and silver output of 59,826 ounces, leaving it on track to meet guidance. The company says gold production of 15,541 ounces from South Arturo during the quarter has already exceeded annual guidance, as a result of a decision by operator Barrick Gold Corp. in January to accelerate the processing of the second phase of the ore stockpile. “Premier’s operational production was strong in the first quarter, beating expectations with additional ore being processed at the low-cost South Arturo mine,” says John Begeman, executive chairman of Premier. He adds that the company is ramping up the development of three additional projects in its portfolio, including two new mine developments at South Arturo. At Mercedes, Premier expects full year production to be weighted toward the second half of 2018 after modifications to the mine plan are realized at the new Diluvio deposit to account for slight differences in the ore-body geometry versus the original plan. Premier says it remains on-track to meet or exceed its consolidated full-year production guidance of 85,000 to 95,000 ounces of gold.

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

 

Jaguar: 1Q Output According To Plan But Down From Year Ago

Tuesday April 17, 2018 09:03

Jaguar Mining Inc. (TSX: JAG) reports first-quarter consolidated gold production of 18,864 gold ounces was in line with the company’s 2018 production plan, although the output was lower than the 22,291 ounces from the same period a year ago. “Looking ahead, we are positioned to deliver stronger production in the second half of 2018 as we expect to see higher production at Turmalina, as well as higher production at Pilar,” says Rodney Lamond, president and chief executive officer.

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

 

Americas Silver Corp. 1Q Output Rises, Costs Fall

Tuesday April 17, 2018 09:03

Americas Silver Corporation (TSX: USA; NYSE American: USAS) lists first-quarter silver production of some 400,000 silver ounces and 1.6 million silver-equivalent ounces. This is up from 1.1 silver-equivalent ounces in the same period of 2017. Consolidated all-in sustaining costs were approximately $6.40 per silver ounce, a decrease of 50%. Guidance for 2018 remains unchanged at 1.6 million to 2 million silver ounces and 7.2 million to 8 million silver-equivalent ounces, the company says. “The company had a strong first quarter at both operations as San Rafael continued to ramp up in terms of mining rate and mill throughput,” says Darren Blasutti, president and chief executive officer.

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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