Harte Gold posts record quarterly production at Sugar Zone
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(Kitco News) - Harte Gold (TSX: HRT) reported on Thursday that its full year gold production from the Sugar Zone mine in Ontario was 25,649 ounces, exceeding the upper range of guidance of 20,000 to 24,000 ounces.
The company said that its Q4 2020 gold production of 10,835 ounces was the highest quarterly period of production on record.
Harte Gold plans to mine between 60,000 and 65,000 ounces of gold in 2021.
President and CEO Frazer Bourchier commented, “2020 was an important transitional year for Harte Gold; one in which we made a series of operational enhancements to production and mine planning at the Sugar Zone mine. Since restarting operations, we have made steady improvements across a number of key metrics – including mine ore production, development metres, and processed grades. These changes have resulted in record quarterly production for Harte Gold and exceeding our revised production guidance for 2020.”
Harte Gold holds a 100% interest in the Sugar Zone mine located in White River, Ontario, Canada. The Sugar Zone mine entered commercial production in 2019.