Gran Colombia Gold Hikes 2018 Output Guidance
Gran Colombia Gold Corp. (TSX: GCM) has upped its full-yeargold-production guidance to more than 200,000 ounces after reportingsecond-quarter output of 52,906 ounces, up 15% year-on-year. For the first halfof 2018, production amounted to 105,578 ounces, up 24% year-on-year. Thisbrings the company’s trailing 12 months of gold production to 194,316 ounces,up 12% from 2017 production of 173,821 ounces. The company’s initial 2018guidance was for between 182,000 and 193,000 ounces. “We have now reportedthree consecutive quarters with over 50,000 ounces of gold production,” saysSerafino Iacono, executive co-chairman of Gran Colombia. “With our localmanagement team doing a very good job focusing on execution of our mine plan atSegovia, we are confident we will produce over 200,000 ounces this year.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Asanko Gold Exceeds First-Half Guidance
Thursday July 12, 2018 08:09
Asanko Gold Inc. (TSX,NYSE American: AKG) says it exceeded production guidance forthe first half of the year. The company lists second-quarter production of 53,501ounces and six-month output of 101,731 ounces, topping the upper end offirst-half guidance of 90,000 to 100,000 ounces. Asanko says second-half gold grade and production isexpected to be higher, with production forecast to be between 110,000 and120,000 ounces. “The Asanko Gold Mine delivered another set of solid production resultsthis quarter....Steady-state levels of ore production at Nkran resumed in June, amonth ahead of schedule, and the processing facility achieved yet anotherquarterly milling record,” says Peter Breese, president and chief executive officer. “We are well positioned to meet our H2 2018 and full year guidance.”
By Allen Sykoraof Kitco News; asykora@kitco.com
Jaguar OutputEases From Year Ago, Impacted By Truckers Strike
Thursday July 12, 2018 08:09
Jaguar Mining Inc (TSX: JAG) reports second-quarter gold outputof 18,819 ounces from its Brazil operations, including a record 10,995 atPilar, although Turmaline production fell 28% to 7,824 ounces. The consolidatedproduction was down from 19,768 ounces in the year-ago quarter. However, RodneyLamond, president and chief executive officer, estimates that a truckers strikecost the company 2,500 ounces. He adds that Jaguar repaid $4 million of debt inthe first half.
By Allen SykoraFor Kitco News
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