Coeur Mining Ups 2018 Production Guidance
CoeurMining, Inc.(NYSE: CDE) has upped full-year productionguidance. The company lists second-quarter production of 3.2 million ounces ofsilver and 94,052 ounces of gold, or 8.8 million silver-equivalent ounces.Output was higher than in the year-ago period at most Coeur mines. The companysays it hiked full-year production guidance to a range of 37.3 million to 40.5million silver-equivalent ounces, increasing silver production guidance to 13.2million to 14.6 million ounces, compared to 12.2 million to 13.8 millionpreviously. Gold-output guidance was upped to between 360,000 and 380,000 ouncesfrom 355,000 to 375,000 previously due to higher grades at the Palmarejooperation.
By Allen Sykoraof Kitco News; asykora@kitco.com
Royal Gold Sells 64,000 Gold-Equivalent Ounces In Fiscal 4Q
MondayJuly 09, 2018 10:06
Royalty and streaming company Royal Gold, Inc. (NASDAQ: RGLD) says it sold approximately 64,000 gold-equivalent ounces in its fiscal fourth quarter that ended June 30. This was comprised of approximately 51,000 gold ounces, 659,000 silver ounces and 700 tonnes of copper. Royal Gold had some 22,000 gold ounces and 573,000 silver ounces in inventory as of June 30. Average realized gold, silver and copper prices for the quarter were $1,314 per ounce, $16.55 per ounce, and $6,847 per tonne ($3.11 per pound), respectively, compared to $1,328, $16.77, and $6,902 ($3.13 per pound) in the prior quarter. The company says deliveries were adversely impacted by the temporary shutdown of the mill-processing facility at Mount Milligan that occurred early in 2018. This was offset by a slight inventory drawdown. "Due to the timing of shipments and deliveries of gold and copper, we expect the remaining impact of the early calendar 2018 temporary shutdown to be reflected in Royal Gold's first-quarter 2019 results, as some of the deliveries of gold and copper that were expected in July and August 2018 will be deferred to a later date," Royal Gold says.
By Allen Sykoraof Kitco News; asykora@kitco.com
Centamin: 2Q Gold Output Falls 25%; Full-Year Guidance Maintained
MondayJuly 09, 2018 08:24
CentaminPlc (TSX: CEE; LSE: CEY) reports that gold productiondeclined by 25% year-on-year in the second quarter to 92,803 ounces. Officialsblame the decline on lower open-pit grades as mining progresses through thetransitional zone and below-forecast underground grades. For the first half of2018, output fell 7% to 217,099 ounces. However, officials say, strongerproduction is expected in the second half. The company maintained revisedfull-year guidance of 505,000 to 515,000 ounces. “We have experienced severalchallenges this year, resulting in the revision of our full-year guidance inMay,” says Andrew Pardey, chief executive officer. “I am pleased to reportprogress throughout June in the open pit, where mining has begun to accessimproved grades as we are currently mining through the lower areas of thetransitional zone and into the sulphide ore, which will be mined in the thirdquarter and onwards for the next four years. Our focus now remains firmly ondelivering the underground operations back in line with forecasts and returningSukari’s production profile to a steady state.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Alacer Increases Oxide-Plant Gold-Production Guidance
MondayJuly 09, 2018 08:24
Alacer Gold Corp. (TSX: ASR; ASX: AQG) has increased itsguidance for 2018 oxide-plant production in Turkey to 110,000 to 130,000 ouncesfrom 70,000 to 90,000 previously. Also, the company lists reduced oxides all-insustaining costs of $650 to $700 per ounce, compared to $750 to $800previously. The higher oxide gold-production guidance is due to in-pitexploration activities which discovered limestone-rich oxide material that canbe added into the mining schedule, Alacer explains. Blending limestone-richoxide material with stockpiled low-sulfide, high-carbonate ore provides an oreblend that can be efficiently processed on the heap-leach pad. “We have had anexcellent start to our 2018 operations, with over 63,000 ounces of oxide-plantproduction halfway through the year,” says Rod Antal, Alacer’s president andchief executive officer. Meanwhile, production guidance from the sulfide plantremains unchanged at 50,000 to 100,000 ounces, with the construction of theplant on schedule and under budget, Alacer says. Alacer has an 80% interest inthe ????pler Gold Mine located in Turkey and operated by Anagold, with theremaining 20% owned by Lidya.
By Allen Sykoraof Kitco News; asykora@kitco.com
Pretium Resources: 'Steady-State Production' At Brucejack Mine
MondayJuly 09, 2018 08:24
PretiumResources Inc. (TSX, NYSE: PVG) says “steady-state production” hasbeen achieved at the Brucejack Mine in British Columbia, which began operationslast summer. The mine produced 111,340 ounces of gold in the second quarter.“With more than 187,000 ounces produced in the first half of 2018, we have deliveredon our first-half 2018 guidance of 150,000 to 200,000 ounces of gold,” saysJoseph Ovsenek, president and chief executive officer. “The successfulintegration of our grade-control program into our mining process has resultedin increased grade to the mill, with production exceeding grade-controlestimates for the quarter. Brucejack has now achieved steady-state production,and we expect to deliver 200,000 to 220,000 ounces of gold for the second halfof 2018.”
By Allen SykoraFor Kitco News
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