RNC Minerals (TSE:RNX) is eyeing a "strong finish" to the year as it announced total gold production of 7,769 ounces for last month (October) from its Beta Hunt and Higginsville mines in Western Australia.
As reported last week, RNC reported an improved financial performance in the third quarter to end September, which was the first full three months of processing material at the Higginsville Mill acquired in June.
Output in the period was 24,216 ounces of the yellow metal at all-in-sustaining costs (AISC) of US$1,183 an ounce, compared to 23,872 ounces in the same period of 2018 at US$1,009 per ounce.
"Following a strong first full quarter of production in Q3 from our combined Beta Hunt and Higginsville operations, I am pleased to see a continuation of this positive production trend. October production is in line with expectations and sets the company up for a strong finish to the year," Paul Andre Huet, chairman and chief executive, told investors.
RNC is moving towards quarterly reporting of production results and will provide production and cost guidance on an annual basis, as is industry standard, the firm also noted.
Contact the author at [email protected]