Yamana Reports Commercial Production At Cerro Moro Mine
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; email@example.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.