Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-Goldsource revises 2016 production guidance

Published 2016-11-14, 09:20 a/m
© Reuters.  BRIEF-Goldsource revises 2016 production guidance
GXS
-

Nov 14 (Reuters) - Goldsource Mines Inc GXS.V

* Goldsource Mines sees average throughput of 500 tonnes per day (TPD) in November 2016 and 750 TPD for December 2016

* Goldsource Mines company produced 137 ounces of gold in September and 78 ounces of gold in October

* Goldsource Mines production during September and October materially impacted by "equipment related downtime and water shortages due to dry season"

* Goldsource Mines revised 2016 production guidance range of 600 to 800 ounces of gold, down from previous guidance of 1,400 to 2,100 ounces of gold

* Goldsource Mines drop in phase I proof of concept production guidance for 2016 primarily reflects lower than expected throughput and recovery

* Goldsource Mines sees average net recovery to dore of 20-25 pct, down from budgeted net gold recovery of 25-30 pct for H2 2016

* Goldsource revises 2016 production guidance Source text for Eikon: ID:nGNXNLXIYa Further company coverage: GXS.V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.