Core Gold Inc. (fka CGLDF)

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Lundin Gold Recommences Ecuador Gold Mine Operations Paul Pl
Lundin Gold Recommences Ecuador Gold Mine Operations
Paul Ploumis
By Paul Ploumis
ScrapMonster Author




The company forecasts the gold production from the mine to range between 150,000 to 170,000 ounces during the second half of the year.


Lundin Gold Recommences Ecuador Gold Mine Operations
SEATTLE (Scrap Monster): Lundin Gold Inc. announced that operations at its Frute del Norte gold mine in Ecuador has resumed.

According to company press release, the regular shipping of concentrate to the port will begin over the next few days. The current rate of processing of ore from stockpile is expected to ramp up from current levels of 2,800 tonnes per day to 3,500 tonnes per day over the next two months. The ore production is expected to ramp up over the next three months. The works on the South Ventillation Raise (SVR) is anticipated to be completed in Q4 2020, the progress of which is unlikely to impact 2020 production plan.

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Ron Hochstein, President and CEO of Lundin Gold thanked the efforts and dedication of all its staff during the challenging times, which were critical in ensuring a safe restart of operations.

The company forecasts the gold production from the mine to range between 150,000 to 170,000 ounces during the second half of the year. The average mill production in H2 2020 is projected at 3,200 tonnes per day. The average gold recovery is expected to be approximately 85% during this period. The AISC is expected to range between $770 and $850 per ounce of gold sold. The total annual gold production is estimated to total around 200,000 and 220,000 ounces.

https://www.scrapmonster.com/news/-/1/75958

https://investorshub.advfn.com/Core-Gold-Inc-(fka-CGLDF)-33112/

https://investorshub.advfn.com/LUNDIN-GOLD-FTMNF-31153/

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