Coeur Mining, owner of Kensington Gold Mine, has reported increased gold production at its Juneau-area prospect.
On Thursday, the company released second-quarter figures showing the Kensington mine produced 32,210 ounces of gold during the quarter. That figure is just above the 31,974 ounces produced during the first quarter of the year, and almost 10 percent above the 29,845 ounces produced during the second quarter of 2015.
While Kensington milled fewer tons of ore in the second quarter of 2016, that ore had a higher average percentage of gold, resulting in greater production.
Kensington produces roughtly a third of the company’s total gold. Coeur Mining reported 92,726 ounces of gold production from all of its mines combined in the second quarter. Coeur owns gold-producing mines in Mexico, Nevada and South Dakota in addition to Kensington.
The company said it remains on track for between 115,000 and 125,000 ounces of gold from Kensington this year.
At current spot prices, that gold is worth between $157.3 million and $171 million.
