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News Nuggets :Kensington gold output stays on target

 

Last updated 10/11/2015 at Noon



Coeur Mining Inc. Oct. 6 reported that the Kensington Mine in Southeast Alaska produced 28,688 ounces of gold during the third quarter of 2015, down four percent from the second quarter. Lower mill throughput and recovery rates, offset by slightly higher grades, were reasons given for the drop in gold production. Kensington has produced 92,442 oz. of gold through the first three quarters of 2015 and is on track to meet Coeur's guidance of 115,000-125,000 oz. for the year. The company said it has begun the development of a decline to the Jualin deposit and plans to begin drilling this high-grade gold deposit during the first quarter of 2016.

 

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