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BRIEF-Guyana Goldfields Says 2018 Gold Production Cut To 175,000 - 185,000 Ounces

Published 2018-07-16, 07:45 a/m
© Reuters. BRIEF-Guyana Goldfields Says 2018 Gold Production Cut To 175,000 - 185,000 Ounces
GUY
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July 16 (Reuters) - Guyana Goldfields Inc GUY.TO :

* GUYANA GOLDFIELDS INC. RELEASES SECOND QUARTER 2018 PRODUCTION RESULTS; FULL SECOND QUARTER RESULTS RELEASED ON JULY 30, 2018

* GUYANA GOLDFIELDS INC - PRODUCTION AND COST GUIDANCE HAVE BEEN REVISED FOR 2018

* GUYANA GOLDFIELDS - LATE ARRIVAL OF EXPANDED HAULAGE FLEET AND LATER THAN PLANNED MOBILIZATION OF CONTRACTOR IN Q2 LED TO REVISION OF 2018 GUIDANCE

* GUYANA GOLDFIELDS INC - LATER THAN PLANNED MOBILIZATION OF CONTRACTOR IN Q2 DEFERRED ACCESS TO HIGHER GRADE ORE TO Q4 OF YEAR

* GUYANA GOLDFIELDS INC - GRADE AND GOLD PRODUCTION WAS AND REMAINS WEIGHED TOWARDS SECOND HALF OF YEAR

* GUYANA GOLDFIELDS INC - GOLD PRODUCTION FROM MINING OPERATIONS AT AURORA GOLD MINE ABOUT 28,250 OUNCES POURED (31,300 OUNCES RECOVERED) FOR Q2

* GUYANA GOLDFIELDS INC - SOLD 31,700 OUNCES OF GOLD AT AN AVERAGE REALIZED GOLD PRICE OF US$1,300 PER OUNCE IN Q2

* GUYANA GOLDFIELDS INC - 2018 GOLD PRODUCTION CUT TO 175,000-185,000 OUNCES

* GUYANA GOLDFIELDS INC - 2018 COST OF SALES GUIDANCE REVISED TO $905-$955 PER OUNCE

* GUYANA GOLDFIELDS INC - 2018 ALL-IN SUSTAINING COST GUIDANCE REVISED TO $945-$995 PER OUNCE

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