GCM Mining stories 2Q22 and 1H22 manufacturing

Rate this post


GCM Mining Corp. produced a complete of 16 370 oz of gold (Au) in June 2022 at its Segovia Operations, bringing the entire for 2Q22 to 53 198 oz in contrast with 52 198 oz from Segovia in 2Q21. In 2Q22, the corporate additionally produced 85 741 oz of silver (Ag), up from 54 573 oz of silver in 2Q21, along with roughly 294 000 lbs of zinc (Zn) and 345 000 lbs of lead (Pb).

For 1H22, the corporate produced 103 149 oz Au at its Segovia Operations, up from 101 256 oz Au in 1H21. The corporate reported consolidated gold manufacturing in 1H21 of 103 684 oz, which included 2428 oz from Marmato as much as 4 February 2021, the date of the lack of management of Aris Gold Company.

GCM Mining’s trailing 12-months’ complete gold manufacturing on the finish of June 2022 was 208 282 oz, up about 1% over final 12 months. The corporate stays on monitor to satisfy its 2022 annual manufacturing steerage of 210 000 – 225 000 oz Au, aided by the completion of the Maria Dama plant enlargement to 2000 tpd in 3Q22.

GCM Mining processed a complete of 44 047 t in June 2022 at its Maria Dama plant, representing a each day common processing fee of 1468 tpd, at a median head grade of 12.8 g/t. Plant operations in June 2022 mirrored a scheduled 120-hr stoppage to alter the linings of the mill along with routine repairs and enhancements. For 2Q22, a complete of 147 580 t, equal to 1622 tpd, had been processed at Segovia at a median head grade of 12.4 g/t in contrast with a complete of 143 910 t, equal to 1581 tpd, at a median head grade of 12.6 g/t in 2Q21. This brings the each day common processing fee for 1H22 to 1604 tpd at a median head grade of 12.3 g/t in contrast with 1526 tpd and 12.7 g/t in 1H21.

The corporate’s polymetallic plant at Segovia processed a median of roughly 97 tpd of tailings in 1H22, ensuing within the manufacturing of roughly 645 t of zinc focus and roughly 547 t of lead focus, which have been stockpiled and are anticipated to begin transport within the subsequent few weeks underneath an offtake settlement with a world buyer that was executed in June. Payable manufacturing from the concentrates in 1H22 is estimated to complete roughly 546 000 lbs Zn, 683 000 lbs Pb, roughly 57 600 oz Ag and roughly 200 oz Au. Precise payable portions are topic to alter and might be finalised as soon as the concentrates are shipped.

Learn the article on-line at: https://www.globalminingreview.com/exploration-development/22072022/gcm-mining-reports-2q22-and-1h22-production/


Supply hyperlink