Klondex Mines Ltd. (TSE:KDX) has released preliminary production results for the third quarter of 2016 for its Fire Creek, Midas and True North mines showing they yielded 37,070 Oz gold equivalent ounces.
The company reiterated its 2016 production guidance of Nevada Operations: 145,000 to 150,000 Gold equivalent ounces which is split approximately 45%-50% in the first half of 2016 and 50%-55% in the second half of 2016, as well as 8,000 to 12,000 gold ounces from mining and processing tailing at True North.
“Our third quarter production was in line with our mine plans as we advanced waste development at both Fire Creek and Midas. We have positioned ourselves to finish the year on a high note and remain on track to achieve our annual production guidance,” said Paul Huet, President and CEO.
“We are also excited to report first sales at True North. We recently completed reprocessing the tailings and have begun running ore through the mill and continue to expect to achieve our annual production targets,” he added.
Story by ProactiveInvestors