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Last Post: 3/30/2020 8:36:13 PM - Followers: 22 - Board type: Free - Posts Today: 0



 


FIORE GOLD LTD. REPORTS RECORD QUARTERLY GOLD PRODUCTION AT ITS PAN MINE, NEVADA

TSXV–F

OTCQB–FIOGF

July 16, 2019

Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce preliminary production results for the Company’s third fiscal quarter (“Q3”) ended June 30th, 2019 for its Pan open pit mine in White Pine County, Nevada.

Highlights:

  • Record quarterly gold production of 11,573 ounces, an 8% increase over the preceding quarter
    Gold sales of 11,504 ounces, a 7% increase over the preceding quarter
    Mined ore production in fiscal Q3 slightly above plan at approximately 14,114 tons per day with the stripping ratio at 1.7
    22,638 man-hours worked, achieving our goal of zero reportable incidents, zero reportable accidents, and zero lost-time injuries. Currently the operation is at 1,138 consecutive days of attaining this Triple-Zero achievement
    Transition from Run of Mine to 100% crushed ore placement underway with commissioning of Pan Mine primary crushing circuit
    Drilling and metallurgical work underway at the federally permitted Gold Rock project in support of a Preliminary Economic Assessment (“PEA”) at the end of calendar 2019

Tim Warman, Fiore’s CEO commented, “Our team at the Pan Mine had another record quarter for gold production with over eleven thousand ounces produced without compromising our high standards for safety and environmental protection. This was also the final quarter for Pan as a run-of-mine operation as the new primary crushing circuit comes online. With Pan running extremely well, our focus has turned to our adjacent Gold Rock project which we intend to advance towards development and production, beginning with the current drilling and metallurgical program that will lead into a PEA by year-end. Our plan is to transition directly from a positive PEA to a full Feasibility Study, with the goal at arriving at a construction decision by mid-2021.”

Technical Disclosure

The scientific and technical information relating to Fiore Gold’s properties contained in this press release was approved by Tim Warman, P.Geo., Fiore Gold’s Chief Executive Officer and a “Qualified Person” under National Instrument 43-101.

Corporate Strategy

Our corporate strategy is to grow Fiore Gold into a 150,000 ounce per year gold producer. To achieve this, we intend to:

  • continue to grow gold production at the Pan Mine, while increasing the resource and reserve base
    advance the development of the nearby Gold Rock project
    acquire additional production or near-production assets to complement our existing operations

On behalf of FIORE GOLD LTD.

Tim Warman

Chief Executive Officer

Contact Us:

info@fioregold.com

1 (416) 639-1426 Ext. 1
www.fioregold.com

Expand Pan Mine
Develop Gold RockConsolidation
?FY2018 - 34k ounces ramp-up year
?FY2019 - 41k ounces full year run of mine
?FY2020 – guiding 45 - 48k ounces with crusher
?Gold Rock drives organic production growth
?Federal permitting completed in 2018
?PEA in Q1 2020, multiple synergies with adjacent Pan Mine
?Targeting complimentary operations?Higher multiples, lower AISC
?Viable path to +150k ounces per year


Latest interview:    https://youtu.be/xh6ckVEkOd0


Fiore Gold  Investor Presentation
https://fioregold.com/wp-content/uploads/2020/02/2020-01-29-FG-Investor-Presentation-February-2020-Update.pdf
MARKET CAPITALIZATION 1NET WORKING CAPITAL 2CASH 2

FIORE GOLD CAPITAL        98,047,378
OPTIONS & WARRANTS     31,107,784
FULLY DILUTED                 129,155,162


*******************************************************
New message board for Gold Producer FIOGF


see full report TONS OF INFO in this report

https://www.inflation.us/content/fiore-gold-could-rise-well-above-1-dollar-by-year-end-2019
 

Share Structure

Market Cap                 $61,758,223     @ $.476 USD

Outstanding Shares   97,954,628    
Fully Diluted               129,744,166


 Our strategy to enhance the value of the Company is to grow Fiore Gold into a 150,000 ounce per year gold producer.

To achieve this, we intend to:

grow gold production at the Pan Mine while increasing the resource and reserve base;
advance exploration and development of the nearby federally permitted GoldRock project; and
acquire additional production or near-production assets to complement our existing operations.


KEY VALUE DRIVERS:
* Expand
Pan Mine
- FY2018 -34k ounces ramp-up year
- FY2019 -guiding 40-43k ounces full year run of mine
- Y2020-estimating 45-50k ounceswith crushing circuit, drilling planned

* Develop
Gold Rock
-Gold Rock has all Federal permits required for mining & processing
- 10,000-metre drill program under way and metallurgical testing
- PEA by year-end, multiple synergies with adjacent Pan Mine

* Consolidation:

- Targeting complimentary operations
- Higher multiples, lower AISC
- Viable path to 150k ounces per year
 
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PostSubject
#603  Sticky Note Undervalued New Fiore interview ThSeeker 03/30/20 08:36:13 PM
#603   Undervalued New Fiore interview ThSeeker 03/30/20 08:36:13 PM
#602   FIORE GOLD CHANGES AGM TO BE HELD VIRTUALLY ThSeeker 03/27/20 09:21:22 AM
#601   Hang in there this article say's it all...https://www.marketwatch.com/story/the Mason07 03/25/20 04:32:23 PM
#600   Ugh, this is my only PM holding not ashy2classy 03/25/20 01:44:02 PM
#599   Fiore is looking real stable, good things to Mason07 03/25/20 11:25:59 AM
#598   Although my FIOGF holdings are in the red ThSeeker 03/19/20 12:06:48 PM
#597   Added more in my personal account this morning. ashy2classy 03/16/20 10:04:53 AM
#596   Self funding from production while they work ThSeeker 03/10/20 09:48:12 AM
#595   ThSeeker 03/06/20 01:46:14 PM
#594   Great! Thanks for sharing! ashy2classy 03/06/20 11:38:32 AM
#593   Fiore Gold: Releasing PEA for Second Gold Mine nkob1974 03/06/20 11:07:04 AM
#592   What I like about this comapny is that ThSeeker 03/06/20 09:11:17 AM
#591   Nice volume! dawsons creek 03/03/20 05:06:42 PM
#590   Good point. Always good information. ashy2classy 03/03/20 11:08:39 AM
#589   Yesterday / Today : Emergency 50bp rate cut nowwhat2 03/03/20 10:59:32 AM
#588   For sure don’t agree with it either, but dawsons creek 03/03/20 10:58:43 AM
#587   I don't love it but should be good ThSeeker 03/03/20 10:54:17 AM
#586   Love seeing this rate cut! Very good for gold! dawsons creek 03/03/20 10:49:03 AM
#585   At that point I thinks it will be ThSeeker 03/03/20 10:11:33 AM
#584   Up and until the construction phase. Once they ashy2classy 03/03/20 09:46:57 AM
#583   Fiore intervirew ThSeeker 03/03/20 08:47:21 AM
#582   1 Qtr results ThSeeker 02/28/20 11:32:41 PM
#581   Know what you mean. I remember back when ThSeeker 02/26/20 12:11:48 PM
#580   Same to you, Seek. My comment about gold ashy2classy 02/26/20 10:19:37 AM
#579   I would not say gold is holding. ThSeeker 02/26/20 09:51:19 AM
#578   What the hell is going on with miners? ashy2classy 02/26/20 09:42:38 AM
#577   Yeah my portfolio has taken a beating. Hanging ThSeeker 02/26/20 09:35:45 AM
#576   All of our gains completely wiped out in ashy2classy 02/26/20 09:33:23 AM
#575   Fiore Gold on Commodity TV. https://www.youtube.com/watch?v=KfVDT7pnjOA nkob1974 02/26/20 08:32:31 AM
#574   Well we hit 52 week high but pulled dawsons creek 02/24/20 05:44:14 PM
#573   Great interview -- Strong dollar ThSeeker 02/24/20 09:19:41 AM
#572   Gold going to have a nice day, I’m dawsons creek 02/24/20 09:02:46 AM
#571   This is now my largest position by a ashy2classy 02/21/20 11:33:11 AM
#570   There we go. Getting sellers out of the way. ashy2classy 02/21/20 10:52:32 AM
#569   Just can't get through .60 CAD resistance. Seems ashy2classy 02/20/20 02:23:06 PM
#568   Good catch, I thought the same thing, they Mason07 02/19/20 10:43:58 PM
#567   Sorry I missed that fact. But good to ThSeeker 02/19/20 05:05:46 PM
#566   Yes that is my pet peeve about google douginil 02/19/20 02:47:38 PM
#565   That video is 1-2 years old. "This year" J L P 02/19/20 02:40:45 PM
#564   Big volume today! Keep on churning! Gold climbing! dawsons creek 02/19/20 01:37:22 PM
#563   Added a few more this morning to round ashy2classy 02/19/20 10:18:26 AM
#562   From that interview the near term goal is ThSeeker 02/19/20 10:00:54 AM
#561   Fiore Gold CEO Explains Growth Strategy and Production Techniques. nkob1974 02/19/20 09:40:18 AM
#560   Very Nice Day :-) Mason07 02/18/20 04:20:49 PM
#559   Looking great today! ashy2classy 02/18/20 04:00:00 PM
#558   Nice volume today, let's see if we can Mason07 02/18/20 01:07:40 PM
#557   I agree Mason07 02/16/20 08:19:01 PM
#556   Great find Mason. Looking good compared to ThSeeker 02/16/20 04:20:08 PM
#555   Fiore not doing to bad, look where they Mason07 02/16/20 02:31:57 PM
#554   Thanks. I added a few more today. Just ashy2classy 02/14/20 01:34:49 PM
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