Guyana Goldfields Inc. Produces 35,901 Ounces of Gold in 2015, Achieving Commercial Production Effective January 1, 2016
TORONTO, Jan. 5, 2016 - Guyana Goldfields Inc. (TSX:GUY.TO ) (the "Company" or "GGI") is pleased to announce that gold production for 2015 mining operations totalled 35,901 ounces at its Aurora Gold Mine ("Aurora") in Guyana, South America.
From October 1, 2015 to December 31, 2015, the Company produced 35,723 ounces of gold, of which, 28,850 ounces were sold at an average realized price of $1,079 per ounce generating approximately US$31.1 million ("M") in pre-tax revenue.
During the month of December, the mill processed an average of 4,758 tonnes of ore per day, of which in excess of 50% of the ore processed was composed of hard rock, at an average head grade of 3.24 grams per tonne gold ("g/t Au") (above average) and gold recoveries averaged 90.4%.
- Published: 05 January 2016
- Written by Editor