JOHANNESBURG (miningweekly.com) – Dual-listed Klondex Mines produced 40 818 gold equivalent ounces and sold 38 012 gold equivalent ounces from its Nevada and Canada operations during the third quarter of 2017.
This brought the mine’s nine-months-to-September output to 141 855 oz, nearing the 2017 guidance of between 213 000 oz and 230 000 oz gold equivalent, with total sales amounting to 141 199 oz.
“We have always maintained that our 2017 production was weighted to the second half of the year as we ramped up to full production at True North and Hollister,” explained Klondex president and CEO Paul Huet.
“We built stockpiles in Nevada and at True North at the end of the third quarter and are well positioned to deliver on our yearly consolidated production guidance of 213 000 to 230 000 gold equivalent ounces.”
The junior-tier gold and silver miner’s Nevada operations produced 32 792 gold equivalent ounces and ended the third quarter with a stockpile of about 43 000 t, containing about 18 000 gold equivalent ounces.
The company’s Canadian True North mine and tailings operations delivered 8 026 gold equivalent ounces, with a stockpile of 11 000 t containing about 1 600 gold equivalent ounces.
During the fourth quarter ahead, True North and Hollister are expected to contribute significantly to the company’s output, particularly following the start of the processing of Hollister ore through the Midas mill, the commissioning of a new carbon-in-leach circuit and the continued optimisation of feed blend.
"We achieved another milestone in the third quarter as we completed the initial modifications to the Midas mill and began processing the first ore from Hollister since the acquisition,” said Huet.
Klondex will publish its financial results for the third quarter on November 9.