Make Kitco Your Homepage

Guyana Goldfields: 1Q Output In Line With Guidance

Kitco News

Guyana Goldfields Inc. (TSX: GUY) says first-quarter gold output from Aurora Gold Mine was around 38,500 ounces, in line with annual production guidance. The mill processed a record 6,700 tonnes per day of ore at an average head grade of approximately 2.35 grams per tonne gold with gold recoveries averaging 91.0%, the company says. A first-phase mill expansion was completed on time and slightly under budget, Guyana reports. Grade and production is expected to be weighed towards the second half of the year due to mine sequencing and incorporating a higher throughput capacity with the completion of the first and second phases of the mill expansion.

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.