Sentences with phrase «ounces of gold production»
The company is forecasting 85,000 to 95,000 ounces of gold production in FY 17 from Karouni having overcome a few technical issues in the first half.
https://www.businessnews.com.au/ Not exact matches
The miner kept unchanged its 2018 gold production forecast of between 4.5 million and 5 million ounces, which will put it behind rival Newmont Mining Corp..
Another plus is its all - in cost — the metric takes into account the total cost gold production — of $ 1,212 an ounce.
Gold producer Northern Star Resources said today it expects to lift 2015 production to 600,000 ounces, at the top end of its guidance range, after it more than doubled the resource at its Pegasus deposit at the Kundana mine.
Gold production in February climbed to a record 6,713 ounces and the company is now well on its way to hitting its guidance of 40,000 to 45,000 ounces for the half - year to 30 June.
In June, the company announced the startup of the Efemcukuru Gold Mine in Turkey, which is expected to produce 120,000 ounces of gold per year when it hits full productGold Mine in Turkey, which is expected to produce 120,000 ounces of gold per year when it hits full productgold per year when it hits full production.
The FTSE Gold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined gGold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined ggold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined ggold production of at least 300,000 ounces a year, and that derive 75 % or more of their revenue from mined goldgold.
For its 2018 projections, Franco - Nevada expects attributable royalty and stream production to total 460,000 to 490,000 GEOs (gold equivalent ounces) from its mineral assets and revenue of over $ 50 million from its growing oil and gas assets.
Gold production for the quarter fell to 1.59 million ounces from 1.8 million ounces a year ago with an average gold price of $ 1,285 per ounce compared to $ 1,629 an ounce a year Gold production for the quarter fell to 1.59 million ounces from 1.8 million ounces a year ago with an average gold price of $ 1,285 per ounce compared to $ 1,629 an ounce a year gold price of $ 1,285 per ounce compared to $ 1,629 an ounce a year ago.
The fixed number of OZcoinGold units (linked to and backed by 100,000 ounces of 24 karat gold) prevents the production of more OZcoinGold coins.
In COMEX gold futures which also experienced a record one - week amount of nearly 55,000 contracts being sold by so - called commercial traders, or the equivalent of 5.5 million ounces, that works out to 20 full days of world gold mine production (275,000 oz per day).
Also, the total concentrated short position of the 8 largest traders in COMEX gold, while large at 16.4 million ounces, is equal to 60 days production in gold, compared to 163 days in silver.
It is situated in the Red Lake area, an established mining district with more than 29 million ounces of high grade gold production to date.
Group production was a record 79,985 ounces of gold, up 23 %, driven by a record 34,881 oz produced at Thunderbox and a jump in Carosue Dam output to 45,104 oz.
The Madsen Gold Project boasts production of 2.5 million ounces between 1938 and 1976.
Production cost of sales per gold equivalent ounce is expected to be $ 730 / oz, with AISC forecast to be $ 975 / oz sold on both a gold equivalent and by - product basis.
To put that deposit in perspective, 3,000 ounces of gold represents 1.4 per cent of the 209,000 ounces of gold Goldcorp produced from its Red Lake mines complex in 2017, and an even smaller 0.12 per cent of its estimated total gold production last year of 2.6 million ounces.
Even if it meets that target, years of declining gold production from its peak of 8.6 million ounces in 2006 means that Barrick may lose its title as the world's largest gold producer to Colorado - based Newmont Mining Corp., which is predicting production of between 4.9 million and 5.4 million ounces this year.
He said the company is focused on Nevada, where its Cortez and Goldstrike properties produced 2.3 million ounces of gold last year — about half of its production.
Most of the historic activity has centred on southern Ghana, which remains one of the world's most prolific areas for gold exploration and production, producing 4.13 million ounces of gold in 2016, up from 2.8 million ounces the previous year.