Pretium: Brucejack 4Q Output 70,281 Gold Ounces As Ramp-Up Continues
PretiumResources Inc. (TSX,NYSE: PVG) produced 70,281ounces of gold at its Brucejack Mine in British Columbia during the fourthquarter as ramp-up continues. As a result, officials now list 152,484 ounces ofgold produced during the first six months of ramp-up. Officials say steadystate gold production is expected by mid to late 2018 as the ramp-up of mining into areas ofhigher-definition drilling continues. Gold production at Brucejack for thefirst half of 2018 is expected in the range of 150,000 ounces to 200,000ounces. “The achievement of steady state mining in areas with higher drilldensity and the grade control program in full operation will enable the companyto provide further production guidance later in 2018,” Pretium says. All-insustaining costs for the first half of 2018 are expected to range from $700 to $900 perounce of gold sold. “As operations continue to ramp up at the BrucejackMine through 2018, an increased focus will be placed onoperational efficiency to reduce costs,” Pretium adds.
By Allen Sykoraof Kitco News; asykora@kitco.com
SEMAFO Meets Revised 2017 Guidance; Boungou On Schedule
Tuesday January 23, 2018 08:04
SEMAFO Inc.(TSX, OMX: SMF) reports 2017 production of 206,400 gold ounces at an all-insustaining cost of $943 per ounce. As a result, the company beat its revisedproduction guidance of 190,000 to 205,000 ounces and matched its AISC guidancefor the year. In the fourth quarter, the company’s operating Mana mine produced49,500 ounces of gold at AISC of $987 per ounce. Meanwhile, as of Dec. 31,construction of the Boungou Mine was 80% completed and still on schedule forcommissioning in the third quarter of 2018, SEMAFO says.
By Allen SykoraFor Kitco News
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