Millennium Minerals Limited Announces Production Results of Nullagine Gold Project for the Year Ended 2017; Provides Production Guidance of Nullagine Gold Project for the Second Quarter and Full Year of 2018
The company provided production guidance for the year 2018. For the period, the company expected gold production to be in the range of 75-80koz at an all-in sustaining cost (AISC) of AUD 1,280/oz - AUD 1,350/oz. Gold production for the rest of this year expected to be sourced primarily by re-opening Millennium's deposit, at the Golden Eagle Mining Centre, which currently hosts a Mineral Resource inventory of over 320,000oz of gold. 2018 production is expected to be weighted towards the March and December quarters, with production and costs in second quarter and third quarter expected to reflect the additional pre-stripping required to access the higher-grade ore sources at Golden Eagle.
For the second quarter of 2018, production is expected to be in the range of 16-18koz.