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(Kitco News) - Elevation Gold (TSX.V: ELVT) (OTCQX: EVGDF) said today it produced 6,788 ounces of gold in Q2 2023, in line with Q2 2022 (6,809 ounces).
The company sold 6,839 ounces of gold during Q2 2023. Year-to-date 2023, the company sold 14,918 ounces of gold, an increase of 10% over the gold sales in the comparable year-to-date period of 2022.
Elevation Gold added that average mined grade increased from 0.39 g/t during the first half of 2022 to 0.41 g/t during the first half of 2023, a 5% increase.
Importantly, the company noted it remains confident in its guidance of 34,000 to 36,000 ounces of gold production for all of 2023.
CEO Tim Swendseid stated, “Our second quarter production reflected some fragmentation and crusher maintenance challenges, and the majority of the ore was sourced from West Pit. Moss’s second half is forecasted to show improvement as we mine additional East Pit ore and move past the issues experienced in the first half.
“We have kicked-off construction of our 3A-Ph2 Leach pad, which will be completed in Q4 2023 and will provide sufficient leach pad capacity for ore production through 2025.”
Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States. The company’s principal operation is the 100% owned Moss Mine in the Mohave County of Arizona.
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