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New Gold 1Q Output On Track To Meet 2019 Guidance

New Gold Inc. (TSX and NYSE American: NGD) proclaims first-sector gold-equivalent production of 123,263 gold-equivalent ounces, leaving it heading in the right direction to satisfy annual steering of 465,000 to 520,000 gold-equivalent oz. The Rainy River Mine reported in-line gold-equal manufacturing of sixty-two,278 oz, well up from 40,016 in the equal duration a year in the past. The New Afton Mine produced 60,986 gold-equivalent oz., down from 73,717 within the yr-in the past duration. Consolidated first-quarter output protected 79,398 oz of gold, 136,513 oz of silver and 19.Five million pounds of copper. “We are encouraged by way of the progress made at Rainy River throughout the first area as we re-position the operation for green and sustainable mining. Concurrently, we preserve to prioritize the of completion of the final construction and the optimization of the lifestyles of mine plan so that you can role the operation to deliver unfastened cash go with the flow starting in late 2020,” says Renaud Adams, chief government officer.
By Allen Sykora of Kitco News; [email protected]
Kirkland Lake 1Q Gold Production Jumps 57%
Monday, April eight, 2019 07: forty-nine
Kirkland Lake Gold Ltd. (TSX, NYSE: KL; ASX: KLA) reports first-sector output of 231,879 gold ounces, a boom of 57% from 147,644 in the corresponding region a yr in the past. “Both Fosterville and Macassa done file production in Q1 2019, in large part reflecting robust grade overall performance, as well as better stages of mill throughput at Fosterville,” says Tony Makuch, president, and leader executive officer. The corporation says it ended the January-March quarter on target to attain its full-12 months 2019 production steering of 920,000 to 1 million oz of gold. Production at Fosterville is anticipated to be weighted to the second half of-2019 as development advances to the depth into the high-grade Swan Zone, Kirkland Lake says. Record manufacturing at Fosterville totaled 128,445 oz, extra than double the sixty-three,843 oz produced within the first area of 2018. Record manufacturing at Macassa changed into 72,776 oz., an increase of 35% from 54,038 oz in the year-ago duration.