Q3 Production update still good ...Good numbers for Q3 even though the strip circuit at the La Libertad mill was down for a few weeks.
Would not be surprised to see over 70,000 oz production in Q4 as CXB processes the gold that was backing up behind the strip circuit in addition to the normal expected production throughput.
2023 production could be significantly higher than 2022.
GLTA !
Q3 and Year to Date (“YTD”) 2022 Production Overview
- Consolidated quarterly gold production of 49,081 ounces, and gold sales of 49,260 ounces;
- 10% increase in gold production compared to Q3 2021 (44,579 ounces);
- Nicaragua gold production of 38,928 ounces and Nevada gold production of 10,153 ounces;
- Nicaraguan Q3 gold pours were negatively impacted due to an unplanned outage at the carbon plant, which is now back up and running;
- Consolidated YTD gold production of 160,704 ounces, gold sales of 161,530 ounces, on track to deliver full year guidance of 220,000 - 235,000 ounces;
- Pavon Central Open pit mining permit approved Q2, 2022, on track for production Q1, 2023;
- Considerable progress made at Eastern Borosi Project (“EBP”) including:
- Recently completed the public consultation process with mining permits expected during Q4, 2022;
- Advanced early road works and site preparations underway