Nice Panther produces 20,187 gold equal ounces in Q2 2022, down 27% y-o-y

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(Kitco Information) – Nice Panther Mining (TSX: GPR) introduced Thursday that the corporate produced 20,187 gold equal ounces from its two working mines in Brazil and Mexico, down 27% in comparison with Q2 2021 (27,722 ounces).

The corporate famous that its Q2 2022 consolidated steel manufacturing of 20,187 gold equal ounces consists of 16,889 gold ounces (Q2 2021: 22,804 ounces) and 159,529 silver ounces (Q2 2021: 334,423 ounces).

Nice Panther stated that its operations are on observe to fulfill beforehand introduced consolidated manufacturing steerage for 2022 of 100,000 to 119,000 Au eq oz, including that full-year steerage is topic to the sale of the Mexican silver property and will probably be revisited as soon as the transaction is full.

Importantly, the corporate identified that the mine plan for Tucano displays extra stripping within the first half of 2022 with the second half of 2022 anticipated to account for a minimum of 65% of annual gold manufacturing steerage.

“The second quarter was transformational for Nice Panther with the announcement of the settlement to promote our Mexican property,” said Chair and Interim CEO Alan Hair. “Divesting these property permits us to channel our sources in direction of the Tucano gold mine the place we consider probably the most worth will be created for buyers and different stakeholders.”

Nice Panther is a treasured metals producer centered on the Americas. The firm owns a portfolio of property in Brazil, Mexico and Peru that features three gold and silver mines, a complicated growth challenge and a big land package deal with district-scale potential.

Disclaimer: The views expressed on this article are these of the writer and should not replicate these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of knowledge supplied; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It isn’t a solicitation to make any trade in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from the usage of this publication.


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