SEMAFO Releases Second Quarter 2014 Results

Full Mining Rates at Siou and Fofina Result in Production of 72,700 Ounces Cash Flow from Operations of $38 Million

MONTREAL, QUEBEC--  Aug 7, 2014 - SEMAFO (SMF.TO)(SMF.ST) today reported its financial and operating results for the three-month period ended June 30, 2014. All amounts are in US dollars unless otherwise stated.

Second Quarter 2014 in Review
As a result of reworking our mine plan sequence in the first quarter, we delivered the expected strong second quarter in terms of production and total cash costs by achieving the full mining rate at Siou and Fofina.

  • Gold production of 72,700 ounces at a cash operating cost1 of $475 per ounce compared to 41,500 ounces at $604 per ounce for the same period in 2013
  • Gold sales of $87.8 million, a 63% increase compared to the same quarter in 2013
Read more: SEMAFO ( SMF )

Richmont Mines Announces Record Quarterly Revenues and Operating Cash Flows in the Second Quarter of 2014

MONTREAL, QUEBEC--(Aug 5, 2014) - Richmont Mines Inc. (RIC.TO)(NYSE MKT:RIC), ("Richmont" or the "Corporation") announces financial and operational results for its second quarter ended June 30, 2014. Financial results are based on International Financial Reporting Standards ("IFRS") and dollars are reported in Canadian currency, unless otherwise noted.

Highlights:

  • Q2 2014 record operating cash flows of $13.4 million, or $0.29 per share, on record revenues of $39.0 million, a significant $0.36 per share improvement over Q2 2013 operating cash flows of ($3.0) million, or ($0.07) per share, on revenues of $17.8 million;
     
  • 2014 gold production guidance increased to 75,000 - 85,000 ounces on strong quarterly and six month operational performance, from 70,000 - 80,000 ounces previously;
Read more: Richmont Mines Inc ( RIC )

Alamos Reports Second Quarter 2014 Results

TORONTO, ONTARIO--( Jul 31, 2014) - Alamos Gold Inc. (AGI.TO)(AGI) ("Alamos" or the "Company") today reported its financial results for the second quarter ended June 30, 2014 and reviewed its operating, exploration and development activities.

"We produced 33,000 ounces in the second quarter of 2014 at total cash costs of $663 per ounce, again below our full year cost guidance and providing strong operating cash flow, before changes in non-cash working capital of $13.2 million," said John A. McCluskey, President and Chief Executive Officer.

Read more: Alamos Gold Inc ( AGI )

GoGold Drills 21 Meters of 2.22 g/t Gold in Newly Discovered Zones at Santa Gertrudis

HALIFAX , July 31, 2014 /CNW/ - GoGold Resources Inc. (GGD.TO), is pleased to announce new drilling results from the Santa Gertrudis Gold Mine in Sonora, Mexico .  The new drilling is outside of the present resource that was announced on June 7 th of this year and will be incorporated in the Preliminary Economic Assessment that is to be issued shortly on the project.

The drilling program was designed to follow-up previously untested structural breaks where they cross the favorable limestone beds that host many of the mined deposits on the property.  The company's geological team developed the targets after creating 3D models of the gold grade distribution of more than 100,000 blast holes from the 22 open pits on the property. Testing of the new targets began in late May with priority assigned to near surface, oxidized zones that can be easily added to the published mineral resource.

Read more: GoGold Resources Inc ( GGD )

Rockhaven Resources Ltd. Drills 66.20 g/t Gold and 403 g/t Silver (74.26 g/t Gold EQ) over 1.00 m and 26.71 g/t Gold and 172 g/t Silver (30.15 g/t Gold EQ) over 2.98 m at the Klaza Project, Yukon

VANCOUVER, BRITISH COLUMBIA--(July 29, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce results for twelve additional drill holes from the Western BRX Zone at its 100%-owned and road-accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The most recent results continue to delineate areas of high-grade gold and silver mineralization within the Western BRX Zone (See News Release dated July 15th 2014 and July 22nd 2014). The current 12,000 m diamond drill program is focusing on the BRX and Klaza Zones which are two of the nine well-mineralized structural zones that have been identified on the property.

Read more: Rockhaven Resources Ltd ( RK )