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Klondex Mines (TSE:KDX) (OTCQX:KLNDF) swung to a profit in its third quarter as the company started to generate revenues from its Midas mine and mill earlier this year, positioning it for a solid finish to 2014.
Klondex Mines (TSE:KDX) (OTCQX:KLNDF) swung to a profit in its third quarter as the company started to generate revenues from its Midas mine and mill earlier this year. Klondex said Thursday that based on its operational results this year, it is increasing its target to recover at least 95,000 gold equivalent ounces and to sell at least 85,000 ounces in 2014.
Unlike many gold miners, Crocodile Gold (TSE:CRK)(TSE:CRK.DB) (TSE:CRK.WT) (OTCQX:CROCF) has managed to rise above the current weakness in precious metals and report a higher year-over-year profit for its third quarter amid a reduction in costs and strong production at its Australian mines.
Gold Resource Corp (NYSE MKT:GORO) reported Friday what it called a challenging third quarter with operational results coming in weaker than anticipated, but the company has responded by hiring new management to support a fourth quarter rebound, which would put it on track to meet the lower end of its 2014 production guidance.
Sunridge Gold (CVE:SGC) (OTCQX:SGCNF) says it has started field work on its advanced-stage joint venture Asmara project in Eritrea, and remains focused on acquiring a mining license for the property in the first quarter of next year, with sights set on near-term production.
Of the highlights from the reverse circulation drilling is a shallow high grade intercept, Canamex said, which intersected 1.5 metres grading 14.4 grams per tone (g/t) gold from 6.1 to 7.6 metres in hole B-1444. This hole, when re-tested from a larger pulp, returned 29 g/t gold, according to the Vancouver, BC-based company's statement.
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