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Fort Knox: less gold now, more in the future


Last updated 8/10/2018 at 6:28am

Kinross Gold open pit gold operation near Fairbanks Interior Alaska

Kinross Gold Corp.

Lower grade ore fed into the mill at Fort Knox resulted in lower gold production at the mine during the second quarter.

Kinross Gold Corp. Aug. 1 reported lower gold production and higher costs at its Fort Knox Mine due to lower ore grades and the minor pit wall slide that occurred at this Interior Alaska operation in March.

Fort Knox produced 71,463 ounces of gold during the second quarter of 2018, a roughly 22 percent decrease from the 91,237 oz recovered during the same period last year.

The per-ounce cost of...

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