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Alamos Gold Inc. Reports Third Quarter 2010 Operating Results
Oct. 07, 2010 02:24PM PST
Gold InvestingAlamos Gold Inc. (TSE:AGI) reported operating results for the third quarter of 2010 and provides its production outlook for the remainder of the year.
Alamos Gold Inc. (TSX:AGI) reported operating results for the third quarter of 2010 and provides its production outlook for the remainder of the year.
The press release is quoted as saying:
Gold production in the third quarter was approximately 21% below production in the second quarter of 2010 and 29% less than production in the third quarter of 2009. Monthly production was 8,200 ounces and 7,800 ounces in July and August, respectively, and rebounded sharply to 14,200 ounces in September. Daily gold production is currently in excess of 600 ounces and continues to increase. Lower production in the third quarter is primarily attributable to two factors: An unusually long and severe rainy season, and increased delays in solution percolation due to higher heap height and finer crushing of ore.
Click here to access the entire press release
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