- Write by:
-
Friday, April 17, 2020 - 4:52:05 PM
-
818 Visit
-
Print
Mining News Pro - Wesdome Gold Mines announced on Thursday its gold production results for the first quarter of 2020, with consolidated output of 25,122 ounces, a 32% increase from 19,010 in the same period in 2019. Sales rose 41% year-on-year to 26,500 ounces from 18,760.
According to Mining News Pro - “First quarter production was within budget, however grade was slightly lower due to stope sequencing. Mill feed increased by 34% to 735 tonnes per day compared to Q1 2019,” said Duncan Middlemiss, president and chief executive officer.
“With the covid-19 pandemic occurring at the end of Q1 and subsequent health and safety actions taken, we expect slightly lower production in Q2 compared to Q1,” Middlemiss said.
As part of health and safety protocols, the company shut down the Mishi open pit and has moved to a reduced workforce in other areas at the Eagle River Complex 50 km west of Wawa in northern Ontario.
“Despite these reductions in activities, we are maintaining our full-year production guidance of 90,000 – 100,000 ounces due to flexibility in stope sequencing,” the executive said.
The company expects to resume drilling and development work at Kiena mine, in Val-d’Or, during the week of May 4.
On care and maintenance since 2013, the Kiena complex contains a permitted, 2,000 t/d mill, a 930-metre shaft, and a ramp system that extends to 1,050 metres depth.
Short Link:
https://www.miningnews.ir/En/News/516583
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
No comments have been posted yet ...