Big month for RNC

RNC Minerals’ Western Australian mines produced 9485 ounces of gold in November.
Big month for RNC Big month for RNC Big month for RNC Big month for RNC Big month for RNC

RNC's Higginsville operation near Norseman in WA

Staff reporter

That was up from 7769oz in October.

RNC owns the Beta Hunt underground mine in Kambalda and newly acquired Higginsville operation.

"The production results for November were strong and once again demonstrate the consistent and reliable production RNC has achieved since the acquisition of the Higginsville gold mine and mill," RNC chairman and CEO Paul Andre Huet said.

"With December off to a good start, the strong combined October, November and third quarter 2019 production total of 41,470oz positions us very well with respect to meeting or exceeding our previously announced second half 2019 guidance of 42,000 to 49,000oz."

All-in sustaining costs for the half are forecast to be US$1150-1250 an ounce.

Shares in RNC were up 1.2% to C42c in Toronto overnight. The stock traded as high as 75c in February.

Most read Commodities