Alio Gold Sees Higher Output At San Francisco Mine
Alio Gold Inc.(TSX, NYSE AMERICAN: ALO)says 2018 production at the San Francisco Mine in Mexico is forecast toincrease to between 90,000 and 100,000 ounces. All-in sustaining costs areprojected at between $1,000 and $1,100 per ounce, and capital and mine siteexploration spending is pegged at between $2.5 and $3 million “After aturnaround year in 2017, we are expecting the San Francisco Mine to return toconsistent gold production at 90,000 to 100,000 ounces this year, compared to83,558 ounces in 2017,” says Greg McCunn, chief executive officer. “In 2017 weundertook a significant waste stripping campaign to open up the main pit. As aresult, we now have increased mining flexibility and the ability to deliverconsistent ore feed to the leach pads.”
By Allen Sykoraof Kitco News; asykora@kitco.com
PremierAnnounces Up To $83 Million Development, Exploration Budget For 2018
Tuesday January 30, 2018 08:04
Premier GoldMines Ltd. (TSX: PG)reports that up to $83 million will be spent on exploration and developmentplans for 2018, including funds from partnering companies. Premier’s asset baseis comprised of eight properties in North America. The company has approved a2018 budget of $38.8 million for exploration and development. An additional $6million is to be spent at the McCoy-Cove joint venture in Nevada, fundedentirely by Barrick Gold, and based on certain milestones and objectives, up to$37.9 million will be spent at the Greenstone Gold joint venture in Ontario,funded entirely by Centerra Gold. Premier says it has sufficient cash to meetall budgeted initiatives in 2018.
By Allen SykoraFor Kitco News
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asykora@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.