Production totaled 10,109 ounces of gold for the fourth quarter ('Q4 2021') and 37,855 ounces of gold in concentrates for the full year.
Fourth Quarter and Full Year Operational Highlights
Fourth Quarter
Production of 10,109 ounces of gold contained in concentrates, an increase of 56% over 2020.
Average of 1,243 processed tonnes per day, an increase of 52% over Q4 2020.
Gold head grade of 2.87g/t Au, an increase of 5% over Q4 2020.
Gold Recovery of 95.7%, a decrease of 2%er Q4 2020.
Year-end
Production of 37,855 ounces of gold contained in concentrates, an increase of 86% over 2020.
Average of 1,154 processed tonnes per day, an increase of 97% over 2020.
Gold head grade of 2.89 g/t Au, a decrease of 5% over 2020.
Gold Recovery of 96.7%, no significant change over 2020.
'2021 has been a year of important growth for the company as we have almost doubled gold production compared to the previous year. I would like to extend my appreciation to all of our employees for their hard work and dedication that have allowed us to achieve these very satisfactory results' stated Mr.
Readers should be cautioned that the Corporation's decision to move forward with the construction and production of the
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Reader Advisory Forward-Looking Statements
This press release contains 'forward-looking information' within the meaning of Canadian securities legislation. This information and these statements, referred to herein as 'forward-looking statements', are made as of the date of this press release and the Corporation does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law.
Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: the completion of the Rights Offering and the use of proceeds of the offering. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects', 'anticipates', 'plans', 'projects', 'estimates', 'assumes', 'intends', 'strategy', 'goals', 'objectives', 'schedule' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements are made based upon certain assumptions by the Corporation and other important factors that, if untrue, could cause the actual results, performances or achievements of Antioquia to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business prospects and strategies and the environment in which Antioquia will operate in the future, including the accuracy of any resource estimations, the price of gold, anticipated costs and Antioquia's ability to achieve its goals, anticipated financial performance, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers its assumptions on such matters to be reasonable based on information currently available to it, they may prove to be incorrect.
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