Kensington 3Q production increases

The Kensington Mine produced 29,049 ounces of gold during its third quarter of 2013, according to a Coeur Mining production results report released Thursday. The mine produced 23,162 ounces of gold during the second quarter and 25,206 ounces during the first quarter. The 2013 production outlook for the Kensington Mine is 108,000 to 112,000 ounces of gold.

Kensington’s gold production increased 25 percent over the second quarter due to an increase in tons milled and higher gold grades, the report states. While the average recovery rate was slightly down in the third quarter, 96.5 percent from 98.2 percent in the second quarter, gold grade was up slightly. Kensington Mine milled 147,427 tons, up from 127,987 in the second quarter, and mined 122,064 tons, down from 135,123 tons in the second quarter.

Company-wide, Couer produced 63,763 ounces of gold and 4.2 million ounces of silver. The company experienced a 5 percent increase in gold production and a 10 percent decrease in silver production.


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