Highlights:
• 9m 2020 total gold production amounted to 755 kg (24,285 oz), compared to 481 kg (15,467 oz) in 9m 2019, an increase of 57%, or 274 kg (8,818 oz). Hard rock gold production at Tardan increased from 430 kg (13,812 oz) in 9m 2019 to 750 kg (24,112 oz) in 9m 2020, or by 75%;
• 9m 2020 gold sales amounted to 757 kg (24,322 oz), compared to 426 kg (13,696 oz) in 9m 2019, an increase of 331 kg (10,642 oz), or 78%;
• Volume of ore processed through the newly built CIL plant amounted to 291 thousand tonnes with an average grade of 2.77 g/t (total gold in processed ore – 806 kg);
• The CIL plant was operating at projected throughput per working hour (>50 t/hour) and higher recovery rate (92.9%);
• Heap leach operations were discontinued at the end of December, 2019;
• Ore mined amounted to 274 thousand tonnes (18% less than in the same period of the previous year). Stripping volume in 9m 2020 was 684 thousand m3 (12% less than in 9m 2019);
• The average grade in ore mined in 9m 2020 was 2.47 g/t, as compared to 2.38 g/t in 9m 2019, an increase of 4%;
• Gold production at Solcocon amounted to 5 kg, as compared to 51 kg in the same period of the previous year. It is expected to produce 10-12 kg at Solcocon this year. The reduction in production is due to the late start of mining operations because of the corona virus.
Production
Production unit | Q3 2020 | Q3 2019 | Change | 9m 2020 | 9m 2019 | Change | ||||||||
kg | oz | kg | oz | kg | oz | % | kg | oz | kg | oz | kg | oz | % | |
Hard rock | ||||||||||||||
Tardan (heap leach) | 0 | 0 | 202 | 6,504 | (202) | (6,504) | (100%) | 0 | 0 | 430 | 13,812 | (430) | (13,812) | (100%) |
Tardan (CIL) | 229 | 7,363 | 0 | 0 | 229 | 7,363 | 0% | 750 | 24,112 | 0 | 0 | 750 | 24,112 | 0% |
Alluvial | ||||||||||||||
Solcocon | 5 | 172 | 24 | 775 | (19) | (602) | (78%) | 5 | 172 | 51 | 1,655 | (46) | (1,482) | (90%) |
Total gold produced | 234 | 7,535 | 226 | 7,279 | 8 | 256 | 4% | 755 | 24,285 | 481 | 15,467 | 274 | 8,818 | 57% |
Tardan
Unit | Q3 2020 | Q3 2020 | Change | 9m 2020 | 9m 2019 | Change | |||
Mining | |||||||||
Waste stripping | 000 m3 | 255 | 261 | (6) | (2%) | 684 | 776 | (92) | (12%) |
Ore mined | 000 tonnes | 122 | 143 | (21) | (15%) | 274 | 333 | (59) | (18%) |
Gold in Ore | kg | 304 | 304 | 1 | 0% | 676 | 793 | (116) | (15%) |
Average grade | g/t | 2.49 | 2.12 | 0.37 | 17% | 2.47 | 2.38 | 0.09 | 4% |
Heap leach | |||||||||
Ore stacking | 000 tonnes | 0 | 134 | (134) | (100%) | 0 | 307 | (307) | (100%) |
Grade | g/t | 0.00 | 1.97 | (1.97) | (100%) | 0.00 | 2.11 | (2.11) | (100%) |
Gold in ore stacked | kg | 0 | 263 | (263) | (100%) | 0 | 648 | (648) | (100%) |
Gold produced HL | kg | 0 | 202 | (202) | (100%) | 0 | 430 | (430) | (100%) |
CIL | |||||||||
Ore processing | 000 tonnes | 95 | 0 | 95 | 0% | 291 | 0 | 291 | 0% |
Grade | g/t | 2.58 | 0.00 | 2.58 | 0% | 2.77 | 0.00 | 2.77 | 0% |
Gold in ore processing | kg | 245 | 0 | 245 | 0% | 806 | 0 | 806 | 0% |
Gold produced CIL | kg | 229 | 0 | 229 | 0% | 750 | 0 | 750 | 0% |
Gold produced total | kg | 229 | 202 | 27 | 13% | 750 | 430 | 320 | 75% |
Warehouse on Seprember 30 | |||||||||
Ore | 000 tonnes | 91 | 29 | 62 | 217% | 91 | 29 | 62 | 217% |
Grade | g/t | 2.02 | 5.31 | (3.29) | (62%) | 2.02 | 5.31 | (3.29) | (62%) |
For more information please contact:
Tel: +7 495 109 02 82
E-mail: d.lange@auriant.com
Company name: Auriant Mining AB Short name: AUR
ISIN-code: SE0001337213
Website: www.auriant.com
www.facebook.com/AuriantMining/
Since
This information is information that
Cautionary Statement: Statements and assumptions made in this report with respect to Auriant Mining AB’s (“AUR”) current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of AUR. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where AUR operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) AUR’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) exchange rates, particularly between the Russian rouble and the
Attachment
- Q3_2020_Press release (Operational)_ENG_2
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