Mining News: News Nuggets: Milder winter weather equals more gold at Fort Knox Mine - May 15, 2016

Providing coverage of Alaska and Northwest Canada's mineral industryMay 2016

Vol 21, No. 20

Week of May 15, 2016

Mining News: News Nuggets: Milder winter weather equals more gold at Fort Knox Mine

Kinross Gold Corp. May 10 reported that its Fort Knox Mine near Fairbanks, Alaska, produced 87,800 ounces of gold during the first quarter, compared with 82,673 oz. during the first three months of 2015. The company attributes the 5,127-oz. increase to improved mining and heap leach operations due to mild weather. The per-ounce cost of Fort Knox gold sold during the quarter was US$705, compared with US$672 during the same period last year. Kinross said the five percent cost hike is due mainly to increased usage of re-agents and additional labor needed to stack more ore on heap leach pads.

- Shane Lasley

Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
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