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BRIEF-Harte Gold Says Plans Initiate Strategic Review

Published 2021-05-13, 08:35 p/m
Updated 2021-05-13, 08:42 p/m
© Reuters.

May 13 (Reuters) - Harte Gold Corp HRT.TO :

* HARTE GOLD REPORTS FIRST QUARTER 2021 RESULTS, PROVIDES UPDATED GUIDANCE FOR 2021 AND INITIATES STRATEGIC REVIEW

* $27.4 MILLION IN REVENUE FROM 12,349 OUNCES SOLD IN Q1 2021 VERSUS $15.7 MILLION AND 7,637 OUNCES RESPECTIVELY, IN Q1 2020

* COMPANY IS NOW FORECASTING THAT QUARTERLY GROWTH WILL OCCUR AT A LOWER RATE THAN WHAT WAS PREVIOUSLY PLANNED FOR 2021

* TARGETED ORE MINE PRODUCTION RATE OF 800 TPD WILL ONLY BE ACHIEVED IN LATE Q4 2021

* SEES 2021 CASH COST AT $1,100/OZ TO $1,250/OZ

* SEES 2021 GOLD PRODUCTION OF 50,000 OZ TO 55,000 OZ

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