Premier Gold Mines On Track To Meet 2018 Guidance
Premier GoldMines Ltd. (TSX: PG) reports first-quarter gold production of 30,550 ounces andsilver output of 59,826 ounces, leaving it on track to meet guidance. Thecompany says gold production of 15,541 ounces from South Arturo during thequarter has already exceeded annual guidance, as a result of a decision byoperator Barrick Gold Corp. in January to accelerate the processing of thesecond phase of the ore stockpile. “Premier’s operational production was strongin the first quarter, beating expectations with additional ore being processedat the low-cost South Arturo mine,” says John Begeman, executive chairman of Premier.He adds that the company is ramping up the development of three additionalprojects in its portfolio, including two new mine developments at South Arturo.At Mercedes, Premier expects full year production to be weighted toward thesecond half of 2018 after modifications to the mine plan are realized at thenew Diluvio deposit to account for slight differences in the ore-body geometryversus the original plan. Premier says it remains on-track to meet or exceedits consolidated full-year production guidance of 85,000 to 95,000 ounces ofgold.
By Allen Sykoraof Kitco News; asykora@kitco.com
Jaguar: 1Q Output According To Plan But Down From Year Ago
Tuesday April 17, 2018 09:03
Jaguar MiningInc. (TSX: JAG) reports first-quarter consolidated gold production of 18,864gold ounces was in line with the company’s 2018 production plan, although theoutput was lower than the 22,291 ounces from the same period a year ago.“Looking ahead, we are positioned to deliver stronger production in the secondhalf of 2018 as we expect to see higher production at Turmalina, as well ashigher production at Pilar,” says Rodney Lamond, president and chief executiveofficer.
By Allen Sykoraof Kitco News; asykora@kitco.com
Americas Silver Corp. 1Q OutputRises, Costs Fall
Tuesday April 17, 2018 09:03
Americas Silver Corporation (TSX:USA; NYSE American: USAS) lists first-quarter silver production of some 400,000silver ounces and 1.6 million silver-equivalent ounces. This is up from 1.1silver-equivalent ounces in the same period of 2017. Consolidated all-in sustaining costs were approximately $6.40 per silverounce, a decrease of 50%. Guidance for 2018 remains unchanged at 1.6million to 2 million silver ounces and 7.2 million to 8 millionsilver-equivalent ounces, the company says. “The company had a strong firstquarter at both operations as San Rafael continued to ramp up in terms ofmining rate and mill throughput,” says Darren Blasutti, president and chiefexecutive officer.
By Allen SykoraFor Kitco News
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