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Yamana Reports Commercial Production At Cerro Moro Mine

Kitco News

Commercial production has been declared at Yamana Gold Inc.’s (TSX: YRI; NYSE: AUY) Cerro Moro gold and silver mine in Argentina, the company reports.  “The project has been brought to this stage on schedule and on budget, which reflects the significant efforts by operations and technical services management since construction began a few years ago,” says Daniel Racine, executive vice president and chief operating officer. The first gold and silver doré production at the mine was announced on May 16, and the company had planned on the ramp-up to commercial production in the second quarter. The focus at the mine is now on optimizing the operation and ensuring operating costs reach guidance levels, Yamana says. 

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

 

Roxgold: Bagassi South Project On Track For 4Q Ore Delivery

Tuesday June 26, 2018 09:26

Roxgold Inc. (TSX: ROXG) reports that the Bagassi South mining decree was approved by the Burkina Faso Council of Ministers, with construction on track for the first ore to be delivered in the fourth quarter. The decree extends the existing 2013 mining convention currently in place at the 55 Zone and carries the same terms, Roxgold says. Bagassi South will be the company’s second high-grade underground gold mine. “Construction at Bagassi South has been progressing extremely well and we continue to be on track for delivery of first ore from our second mine expected in the fourth quarter,” says John Dorward, president and chief executive officer. “The process plant expansion is also tracking on schedule where we look forward to increasing Yaramoko’s gold production by approximately 40% to 160,000 ounces in 2019.” Development and construction at the Bagassi South project, located 1.8 kilometers south of the Yaramoko processing plant, is now some 55% completed, Roxgold says.

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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