Eldorado produces 113,462 ounces of gold in second quarter, maintains its full-year guidance kitconews gold silver metals economics investing finance mining
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Importantly, the company said it maintains its full-year 2022 consolidated production guidance of 460,000 to 490,000 ounces. However, the company's gold production at Kisladag of 27,973 ounces was below plan due to the effects of lower tonnes placed on the leach pad in the first quarter. Eldorado said it continues to anticipate production at Kisladag to be weighted to the second half of the year.
Eldorado also said that the company's Olympias mine saw meaningful productivity improvements and good control on gold grades in the second quarter, which led to increase in gold output from 12,934 ounces in Q2 2021 to 15,779 ounces in Q2 2022. Additionally, production improved as a result of processing ore stockpiles.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barrick reports rise in second-quarter gold output as production guidance for year remains on trackBarrick says gold production was higher than the first quarter due to stronger performance across its portfolio
Read more »
Victoria Gold produces 32,055 ounces of gold in Q2, expects production growth in second half of 2022Victoria Gold produces 32,055 ounces of gold in Q2, expects production growth in second half of 2022 kitconews gold silver economics investing finance metals mining
Read more »
Barrick produces 1.04M ounces of gold and 120 million pounds of copper in Q2 - BNN BloombergBarrick Gold says according to its preliminary figures it produced 1.04 million ounces of gold and 120 million pounds of copper in its second quarter and remains on track to achieve its production guidance for the year.
Read more »
Royal LePage cuts home price forecast for 2022 - BNN BloombergRoyal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year.
Read more »
Caledonia Mining reports record quarterly gold production in Zimbabwe, reiterates its annual guidanceCaledonia Mining reports record quarterly gold production in Zimbabwe, reiterates its annual guidance kitconews gold silver investing economics mining finance metals
Read more »
Real estate brokerage Royal LePage cuts home price forecast for 2022TORONTO — Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year. The real estate brokerage says it now expects the aggregate price of a home in Canada in the fourth quarter of this year will be up 5.0 per cent compared with the same quarter in 2021. The forecast is down from an April estimate for a 15.0 per cent year-over-year increase for the fourth quarter. It says it low
Read more »