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2020-07-08

Auriant Mining AB (publ.) publishes H1 2020 operational update

Highlights:

•     H1 2020 total gold production amounted to 521 kg (16,750 oz), compared to 255 kg (8,189 oz) in H1 2019, an increase of 105%, or 266 kg (8,561 oz). Hard rock gold production at Tardan increased from 227 kg (7,308 oz) in H1 2019 to 521 kg (16,750 oz) in H1 2020, or by 129%;

•     H1 2020 gold sales amounted to 537 kg (17,249 oz), compared to 238 kg (7,640 oz) in H1 2019, an increase of 299 kg (9,609 oz), or 125%;

•     Volume of ore processed through the newly built CIL plant amounted to 196 thousand tonnes with an average grade of 2.87 g/t (total gold in processed ore – 561 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 151 thousand tonnes (20% less than in the same period of the previous year). Stripping volume in H1 2020 was 429 thousand m3 (17% less than in H1 2019);

•     The average grade in ore mined in H1 2020 was 2.46 g/t, as compared to 2.59 g/t in H1 2019, a decrease of 5%;

•     Gold production at Solcocon is expected to start in July with a planned production volume of 30-40 kg in 2020.

Production

Production unitH1 2020H1 2019Change
 kgozkgozkgoz%
Hard rock       
Tardan (heap leach)227 7,308 (227) (7,308) n/a
Tardan (CIL)521 16,750 521 16,750 n/a
Alluvial       
Solcocon27 881 (27) (881) -100%
Total gold produced521  16,750  255  8,189  266  8,561  105%

Tardan

 unit.H1 2020H1 2019
Författare Auriant Mining AB

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