Day: July 25, 2018

As our Rainy River Mine is well into its start-up year, New Gold today provides an updated 2018 production and cost outlook. Gold production at New Afton, the Company’s largest cash flow contributor, Mesquite and Cerro San Pedro remain in line with New Gold’s original guidance. However, largely due to the variability in the process facility’s start-up performance and lower gold grade and recoveries, the Company is lowering its 2018 annual production guidance for Rainy River from earlier estimates.

“With the ongoing successful ramp up of the Éléonore and Cerro Negro mines, on plan gold production across the portfolio and our pipeline of growth projects being advanced on budget and on schedule, we continue to execute on the delivery of our 20/20/20 plan of growing production and reducing AISC by 20% by 2021,” said David Garofalo, President and Chief Executive Officer of Goldcorp. “In addition, the strong exploration results achieved during the quarter, highlighted by the results at Musselwhite and Cerro Negro, demonstrate our exploration team’s ability to find new discoveries within Goldcorp’s highly prospective and underexplored land packages in order to achieve 20% reserve growth by 2021.”

“Our mines continued to deliver strong operational performance during the quarter, which has allowed us to increase 2018 production guidance to 1.58 million ounces of gold from 1.53 million ounces. Cash costs remained at the mid-point of our guidance, but we expect these costs to trend lower in the second half of the year”, said Sean Boyd , Agnico Eagle’s Chief Executive Officer. “In the second quarter, we continued to make good progress on our development projects in Nunavut . We recently received the Type A water licence for the Whale Tail pit at Amaruq, which allowed us to begin construction in late July, and the shipping season is now underway at Meliadine, which should facilitate timely completion of the project allowing for the expected start of production in the second quarter of 2019” added Mr. Boyd .

Harvest Gold Corporation (TSX.V: HVG) announces that the trading in the Company’s shares was halted pending a determination by the TSX Venture Exchange as to how the sale of the Company’s Suriname assets (as detailed in a news release dated July 23, 2018) (the “Sale”) would be treated under Exchange policies. Following communications with the Company, the Exchange determined that the Sale qualifies as an “exempt transaction” under Exchange Policy 5.9.

“Led by our Palmarejo operation, we delivered strong financial and operating performance in the second quarter, which has resulted in an increase to our companywide full-year production guidance ranges and a reduction to our companywide full-year cost guidance ranges,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to report a robust production performance in the first half. In line with our strategy, we continue to actively manage and strengthen our asset portfolio. In particular during the period we have successfully ramped up our new San Julián JM mine to full capacity which has made a significant contribution to overall production. We have also made good progress with our development pipeline, with our two main projects now complete. The Pyrites Plant has been commissioned and final testing at the Second Dynamic Leaching Plant is on track. Both projects will make a meaningful contribution to overall 2018 production.”