- Write by:
-
Thursday, July 11, 2019 - 3:08:59 PM
-
936 Visit
-
Print
Mining News Pro - Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) announced today that production across the company’s operations totaled 214,593 ounces in Q2 2019, driven by record quarterly production of 140,701 ounces at its Fosterville mine in Australia.
According to Mining News Pro - Fosterville’s gold output is expected to increase for each of the final two quarters of this year as well. The mine is on track to achieve full-year 2019 guidance of 570,000–610,000 ounces.
On the other hand, production at the Macassa mine in Ontario declined over the previous quarter and the same quarter last year. Tonnes processed during Q2 at Macassa were lower than expected due to excess water from the spring run-off.
“The impact of the water extended longer than anticipated, through to the end of the quarter. Water levels are receding, and we do not expect third and fourth quarter production to be impacted,” said CEO Tony Makuch.
Overall company-wide output was 30% higher in Q2 compared to the same quarter last year, but down 7% relative to the 231,879 ounces recorded in Q1. Kirkland Lake has maintained its full-year guidance of 950,000–1,000,000 ounces for 2019.
Last year, the Toronto-based miner posted a record annual gold production of 723,477 ounces, thanks to higher-than-expected output at Fosterville and its Ontario-based operations.
Short Link:
https://www.miningnews.ir/En/News/396448
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines ...
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese ...
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones ...
No comments have been posted yet ...