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Alacer Looks For Jump In 2019 Gold Output

Kitco News

Alacer Gold Corp. (TSX: ASR; ASX: AQG) lists production guidance of 320,000 to 380,000 ounces of gold in 2019. This is up from 170,865 ounces 2018, which was reported earlier in January.  The company will benefit from a new sulfide plant. “This year represents a major step change for the company as we transition to a free cash flow-generating intermediate producer at first-quartile all-in sustaining costs. Consolidated production guidance for 2019 is 320,000 to 380,000 ounces at all-in sustaining costs of $675 to $725 an ounce and will come from three distinct ore sources: Çöpler sulfide ore, Çöpler oxide ore, and Çakmaktepe oxide ore,” says Rod Antal, president and chief executive officer. “The sulfide plant ramp-up is progressing to plan as reflected in gold poured during the month of December of 22,000 ounces. We expect to achieve commercial production early this year….” Alacer has an 80% interest in the Çöpler Gold Mine in Turkey.

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

 

Eldorado Achieves Revised Gold-Output Guidance

Tuesday January 22, 2019 08:55

Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) says 2018 gold production rose to 349,147 ounces from 292,971 in 2017, including precommercial production from Lamaque. This was at the upper end of the revised guidance range of 345,000 to 350,000 ounces that the company listed in its third-quarter earnings report. Fourth-quarter output slipped to 75,877 ounces of gold from 84,054 a year earlier. All-in sustaining costs expected to be $990 per ounce sold in 2018, up from $922 a year earlier. Eldorado says Lamaque commissioning is under way, with commercial production on track for the first quarter. “In 2018, Eldorado successfully met its overall production goals, which included two upward revisions to production guidance,” says George Burns, president and chief executive officer. Eldorado says it will provide 2019 guidance when it releases full-year 2018 financial results.

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

 

Roxgold Exceeds 2018 Production Guidance

Tuesday January 22, 2019 08:55

Roxgold Inc. (TSX: ROXG) lists gold production of 132,656 ounces in 2018, exceeding increased guidance of 120,000 to 130,000 ounces. The company looks for even more output in the current year. “In 2018, Yaramoko continued to outperform by exceeding our annual production guidance and we expect to be at or below our cost guidance for the second consecutive year,” says John Dorward, president and chief executive officer. “With the recent under-budget completion of the Bagassi South project, Yaramoko’s second high-grade underground mine, we expect to have a strong year in 2019 in which we are forecasting production to be between 145,000 and 155,000 ounces of gold.” Gold production was 25,845 ounces during the fourth quarter.

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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