Argonaut Gold Looks For 2019 Output To Top 2018
Argonaut Gold Inc. (TSX: AR) says it has met 2018 production guidance with record gold equivalent-ounce production of 51,658 ounces during the fourth quarter and 165,117 during the full year. The company looks for even higher output this year. “We achieved 51% production growth quarter-over-quarter and are now at a run rate that indicates we can produce over 200,000 GEOs in 2019,” says Pete Dougherty, president and chief executive officer. “This represents an approximate 65% increase in full-year production between 2017 and 2019 – a goal that we set for ourselves early in 2017. With the strong finish to 2018, the stage is set for a robust beginning to 2019.” The company lists production guidance of between 200,000 and 215,000 gold-equivalent ounces during 2019 at all-in sustaining costs of $875 to $975 per gold ounce sold.
By Allen Sykora of Kitco News; firstname.lastname@example.org
Detour Gold 2019 Guidance Is Below 2018 Output
Wednesday January 23, 2019 08:26
Detour Gold Corp. (TSX: DGC) has listed 2019 production guidance that is below 2018 output. The company anticipates producing 570,000 to 605,000 ounces of gold this year at all-in sustaining costs between $1,175 and $1,250 an ounce. The company last week announced 2018 output of 621,128 ounces that was above the mid-point of annual guidance, with best-ever quarterly output of 158,000 between October and December. For 2019, plans call for approximately 115 million tones to be mined from the Detour Lake pit, the company says. “The company will continue to execute on its operational strategy for 2019 with the goal of stabilizing the operations by year-end,” says Bill Williams, interim chief executive officer.