Anaconda Mining Inc. Announces Production and Sales Results for the Third Quarter and Nine Months Ended September 30, 2019; Revises Production Guidance for 2019
For the period, the company reported Ore production of 289,837 tonnes as compared to 228,293 tonnes for nine month a year ago. Waste production was 1,252,710 tonnes as compared to 987,354 tonnes for nine months a year ago. Total material moved was 1,542,547 tonnes as compared to 1,215,647 tonnes for nine months a year ago. Dry tonnes processed was 291,026 tonnes as compared to 350,892 tonnes for same period a year ago.
Anaconda sold 4,652 ounces of gold in three quarter 2019, generating metal revenue of $8.8 million at an average realized gold price of $1,885 per ounce. As at September 30, 2019, the Company also had over 650 ounces in gold doré inventory, which will be sold in October 2019.
The company revised its guidance for 2019 to 16,000 to 17,000 ounces of gold.