PureGold achieves third quarter gold production guidance - Global Mining Review

AI desk brief

PureGold reported 3Q22 gold production of 9,041 oz, landing within guidance, with head grade and recovery also in line. Output was held back by nine lost production days in September from crusher downtime and a mill automation issue, both now resolved; management says stronger throughput continued into October and sees another QoQ production step-up in 4Q22.

Third-quarter production costs are still being finalized but are expected at US$9.5-10.5 million per month, matching prior guidance. PureGold says current costs are down about 25% in absolute terms and roughly 50% on a cost-per-tonne basis versus 1Q22, with costs and revenues expected to keep trending lower into year-end.