High River announces poduction results for Q4 2012
Wednesday, Jan 23, 2013
High River Gold Mines Ltd. (TSX:HRG) ("High River" or the "Company") announces its production results for the fourth quarter ending December 31, 2012.
Gold production for the fourth quarter is expected to increase over Q4 2011 by approximately 2% to 95.0 thousand gold equivalent ounces ("koz") (93.1 koz in Q4 2011). The average realized gold price during the quarter was US$1,711 per ounce.
While the Berezitovy mine and the Taparko mine strongly performed in Q4 2012, producing 37.1 koz (29.4 koz in Q4 2011) and 35.6 koz (27.5 koz in Q4 2011) respectively, production fell significantly at Buryatzoloto.