Wesdome: Gold Production On Pace To Top 2019 Guidance
Second-quarter gold output was 22,437 ounces, which was up from 16,628 in the same period a year ago.
“Second-quarter production was much stronger than originally anticipated due to the 303 lens continuing to outperform on both budgeted grade and tones,” said Duncan Middlemiss, president and chief executive officer. “In Q2, this lens averaged a mucked grade of 41.1 grams per tonne, and we expect this strong performance to continue from this area in the second half of the year.
“Year to date production of 41,446 ounces has exceeded the upper end of our first-half guidance range (35,000 ounces) by 18%. We are maintaining H2 2019 guidance of 41,000 [to] 45,000 ounces. The low end of this range will result in forecast production slightly exceeding the top end of our annual guidance range of 80,000 ounces.”