Alkane Resources Ltd Provides Update on Tomingley Gold Operations; Revises Production Guidance for the Second Half and Full Year 2017; Provides Production Guidance for the Fiscal Year 2018
The company upgraded production guidance with an expected second half fiscal year 2017 of 43,000 to 45,000 ounces at an AISC of AUD 1,000
AUD 1,100 from the guidance of 31,000 to 36,000 ounces at an AISC of AUD 1,350 to AUD 1,550 published in January 2017.
Full year guidance for 2017 has been revised to production of 65,000 to 67,000 ounces at an AISC of AUD 1,300 to AUD 1,400.
Fiscal year 2018 production expected to be 65,000 to 70,000 ounces at an AISC of AUD 1,100 to AUD 1,200.