The Conversation (0)
Guyana Goldfields Inc. (TSX: GUY) (the “Company”) is pleased to announce that gold production from mining operations totalled 41,000 ounces at its Aurora Gold Mine (“Aurora”) in Guyana, South America for the third quarter ended September 30, 2017. The Company also achieved its record gold production month since the commencement of mining operations and poured 18,900 ounces in September. Gold production …
Guyana Goldfields Inc. (TSX: GUY) (the “Company”) is pleased to announce that gold production from mining operations totalled 41,000 ounces at its Aurora Gold Mine (“Aurora”) in Guyana, South America for the third quarter ended September 30, 2017. The Company also achieved its record gold production month since the commencement of mining operations and poured 18,900 ounces in September. Gold production was as-expected for the quarter according to the 2017 mine plan and the Company is on track to meet the lower end of its annual production guidance of 160,000 – 180,000 ounces of gold for the year.
As quoted in the press release:
Scott A. Caldwell, President & CEO, states, “After a slow start to the quarter with the inability to strip loaded carbon, the elution circuit boiler was fully repaired ahead of schedule and below the estimated budget. Due to the quick repair work, the Company was able to strip the excess carbon in inventory and nearly all gold sales were realized within the third quarter for a strong finish. The mill head grade and recovery steadily increased during the quarter and the grade in September increased to 2.87 g/t Au with recovery increasing to 91.3%. Management expects head grade and recovery to continue to increase in the fourth quarter of 2017 and finish the year with its strongest quarter yet.”
