Seligdar Announces Gold Production Results for the First Half of 2017; Provides Production Guidance for the Full Year of 2017
July 21, 2017 at 04:04 am EDT
Seligdar announced gold production results for the first half of 2017. For the period, the company reported increased gold production by 21% to 945 kg. Transport of rock increased by 29% to 8.8 million cubic meters, ore processing grew by 17% to 2.5 million tonnes, and the amount of ore stacked increased by 15% to 2.3 million tonnes.
For the year 2017, the company expects to break the 5-tonne threshold for gold production by the end of the year, with output expected to grow by 19% compared to 2016.