Harte Gold Corp. Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2019; Provides Production Guidance for the Fourth Quarter and Full Year 2019
For the last nine months, Harte Gold produced 19,138 ounces.
The company provided production guidance for the fourth quarter and full year 2019. Due to issues around mine development and stope availability in third quarter, the Company expects fourth quarter production to be in the range of 5,000 to 7,000 ounces.
Accordingly, full year 2019 production guidance has been adjusted from 39,200 ounces per original guidance, to 24,000 ounces to 26,000 ounces. While operating costs were stabilized in third quarter, as a result of lower production for the year and higher costs in the first half, annual AISC guidance has been modified and is expected to be in the range of USD 2,000 per ounce to USD 2,200 per ounce, from original guidance of USD 1,300 per ounce to USD 1,350 per ounce.