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Pretium: Brucejack 4Q Output 70,281 Gold Ounces As Ramp-Up Continues

Kitco News

Pretium Resources Inc. (TSX, NYSE: PVG) produced 70,281 ounces of gold at its Brucejack Mine in British Columbia during the fourth quarter as ramp-up continues. As a result, officials now list 152,484 ounces of gold produced during the first six months of ramp-up. Officials say steady state gold production is expected by mid to late 2018 as the ramp-up of mining into areas of higher-definition drilling continues. Gold production at Brucejack for the first half of 2018 is expected in the range of 150,000 ounces to 200,000 ounces. “The achievement of steady state mining in areas with higher drill density and the grade control program in full operation will enable the company to provide further production guidance later in 2018,” Pretium says. All-in sustaining costs for the first half of 2018 are expected to range from $700 to $900 per ounce of gold sold. “As operations continue to ramp up at the Brucejack Mine through 2018, an increased focus will be placed on operational efficiency to reduce costs,” Pretium adds.

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

 

SEMAFO Meets Revised 2017 Guidance; Boungou On Schedule

Tuesday January 23, 2018 08:04

SEMAFO Inc. (TSX, OMX: SMF) reports 2017 production of 206,400 gold ounces at an all-in sustaining cost of $943 per ounce. As a result, the company beat its revised production guidance of 190,000 to 205,000 ounces and matched its AISC guidance for the year. In the fourth quarter, the company’s operating Mana mine produced 49,500 ounces of gold at AISC of $987 per ounce. Meanwhile, as of Dec. 31, construction of the Boungou Mine was 80% completed and still on schedule for commissioning in the third quarter of 2018, SEMAFO 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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