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Gran Colombia Gold Hikes 2018 Output Guidance

Kitco News

Gran Colombia Gold Corp. (TSX: GCM) has upped its full-year gold-production guidance to more than 200,000 ounces after reporting second-quarter output of 52,906 ounces, up 15% year-on-year. For the first half of 2018, production amounted to 105,578 ounces, up 24% year-on-year. This brings the company’s trailing 12 months of gold production to 194,316 ounces, up 12% from 2017 production of 173,821 ounces. The company’s initial 2018 guidance was for between 182,000 and 193,000 ounces. “We have now reported three consecutive quarters with over 50,000 ounces of gold production,” says Serafino Iacono, executive co-chairman of Gran Colombia. “With our local management team doing a very good job focusing on execution of our mine plan at Segovia, we are confident we will produce over 200,000 ounces this year.”

By Allen Sykora of Kitco News;


Asanko Gold Exceeds First-Half Guidance

Thursday July 12, 2018 08:09

Asanko Gold Inc. (TSX, NYSE American: AKG) says it exceeded production guidance for the first half of the year. The company lists second-quarter production of 53,501 ounces and six-month output of 101,731 ounces, topping the upper end of first-half guidance of 90,000 to 100,000 ounces. Asanko says second-half gold grade and production is expected to be higher, with production forecast to be between 110,000 and 120,000 ounces. “The Asanko Gold Mine delivered another set of solid production results this quarter….Steady-state levels of ore production at Nkran resumed in June, a month ahead of schedule, and the processing facility achieved yet another quarterly milling record,” says Peter Breese, president and chief executive officer. “We are well positioned to meet our H2 2018 and full year guidance.”

By Allen Sykora of Kitco News;


Jaguar Output Eases From Year Ago, Impacted By Truckers Strike

Thursday July 12, 2018 08:09

Jaguar Mining Inc (TSX: JAG) reports second-quarter gold output of 18,819 ounces from its Brazil operations, including a record 10,995 at Pilar, although Turmaline production fell 28% to 7,824 ounces. The consolidated production was down from 19,768 ounces in the year-ago quarter. However, Rodney Lamond, president and chief executive officer, estimates that a truckers strike cost the company 2,500 ounces. He adds that Jaguar repaid $4 million of debt in the first half.

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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