Mining News: News Nuggets: Higher grades, more gold at Kensington

Coeur Mining Inc. April 6 reported the Kensington Mine in Southeast produced 33,909 ounces of gold during the first quarter of 2015, a 33 percent increase over the 25,428 oz. recovered during the same period last year. This increase is due to higher grade ore, which more than offset lower mill throughput. Head grades for the first quarter averaged 0.24 oz per ton, up roughly 41 percent from 0.17 oz/t for the first three months of 2014. Coeur anticipates releasing a new mine plan later this month that is expected to reflect higher-grade, higher-margin production over the life of the mine at Kensington. Together, Coeur’s six mines produced 3.8 million ounces of silver and 69,734 ounces of gold, or 8.0 million silver-equivalent ounces during the first quarter of 2015.

- Shane Lasley