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Luna Gold Provides 2013 Guidance, Including Production Between 95,000 to 105,0000 Ounces

Investing News Network
Jan. 28, 2013 09:31AM PST
Gold Investing

Luna Gold Corp. (TSX:LGC, OTCQX:LGCUF) announced their guidance for 2013.

Luna Gold Corp. (TSX:LGC, OTCQX:LGCUF) announced their guidance for 2013.

As quoted in the press release:

  • Aurizona Gold Mine annual gold production of 95,000 to 105,000 ounces;
  • Average annual cash cost associated with this production of $705 to $715 per ounce of gold;
  • Completion of Phase I of Aurizona’s expansion during the fourth quarter of 2013;
  • Increase Aurizona’s production run rate to an equivalent of 125,000 ounces per annum during the fourth quarter;
  • Continue drilling at the 100% Luna owned Touro target in the Luna Greenfields with the goal of defining a National Instrument (“NI”) 43-101 compliant Resource.

Luna’s President and CEO, John Blake, said:

We anticipate not only several significant milestones at our Aurizona property, but also the formal continuation of drilling at Luna Greenfields, which we believe has the potential to produce several gold deposits. Achieving all of these objectives during 2013 is an ambitious endeavour. However, I am confident that the dedication and talent of our operational and exploration teams will allow us to reach these goals, and establish Luna as a mid-tier gold producer.

To view the whole press release, click here. 

annual gold production tsx:lgc
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