Aurora gold mine pours record-breaking 18,900 ounces in September

Oct 08, 2017 News

Canadian-owned Guyana Goldfield Inc., which operates the Aurora mines in Cuyuni/Mazaruni area, has set a record breaking production in September.

The Guyana Goldfield says it had the best month in September since starting operations.

According to the company, gold production from mining operations totalled 41,000 ounces for the third quarter ended September 30, 2017.
Last month, in its record gold production month since the commencement of mining operations, it poured 18,900 ounces.
The Aurora mines is said to produce at least 160,000 ounces out of the 700,000-plus ounces that Government has projected.
The company, one of the two large scale gold mining companies in Guyana, had set between 160,000 and 180,000 ounces of gold for the year.
In the third quarter ended September 30, 2017, the mill processed an average of 6,170 tonnes per day (“tpd”) of ore at an average head grade of 2.53 grams per tonne gold (g/t Au) with gold recoveries averaging 90.3%.
“Due to mine sequencing, gold grade and, therefore, gold production are expected to be the strongest in the fourth quarter as mining is focused on the hard rock diorite ore within Rory’s Knoll open pit,” the mining company said.
With gold prices holding a heartening high, reaching up to US$1,340 per ounce but coming down to US$1,276 as of yesterday, players would have paying keen attention to company’s performance. It trades on the market.
Although small and medium scale miners produced the majority of the 700,000 ounces last year, Goldfields and Aussie-owned Troy Resources had contributed over 200,000 ounces between them. However, Troy is facing tough times with its mines because of worry over a mine wall.
Scott Caldwell, President and Chief Executive Officer (CEO), noted, “After a slow start to the quarter with the inability to strip loaded carbon, the elution circuit boiler was fully repaired ahead of schedule and below the estimated budget.
“Due to the quick repair work, the Company was able to strip the excess carbon in inventory and nearly all gold sales were realised within the third quarter for a strong finish.”
Gold has been the mainstay of foreign currency earnings in Guyana within the last decade.
However, miners have been clamouring for better roads, more concessions while at the same time fighting poor weather.