Newmarket Gold Achieves Record Gold Production of 222,671 oz, Cash Costs of $704/oz and AISC of $987/oz In-Line With 2015 Guidance; Announces 2016 Guidance
Tenth Consecutive Quarter of Production Over 53,000 oz
VANCOUVER, BRITISH COLUMBIA--(Jan 18, 2016) - Newmarket Gold Inc. ("Newmarket" or the "Company")(NMI.TO)(NMKTF) today announced production results for the three and twelve months ended December 31, 2015. All dollar amounts are in US dollars unless otherwise noted.
Full Year 2015 Highlights
- Record 222,671 oz consolidated gold production led by Fosterville; third consecutive year of record production
- Record 123,095 oz production at Fosterville, exceeding guidance, record grade of 6.11 g/t and record recovery of 88.5%
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63,255 oz production at Cosmo, mill grade of 2.99 g/t and strong recovery of 90.7% in-line with revised guidance
- Published: 18 January 2016
- Written by Editor