Auriant Mining AB (publ.) publishes Q1 2024 operational update
Highlights:
- In Q1 2024, hard rock gold production amounted to 86.3 kg (2,774 oz), compared to 139.0 kg (4,469 oz) in Q1 2023, a decrease of 38%, or 52.7 kg (1,695 oz);
- Due to the seasonality of the operations at Staroverinskaya (Solcocon), there was no alluvial gold production in Q1;
- In Q1 2024, total gold sales amounted to 133.2 kg (4,282 oz), compared to 147.9 kg (4,755 oz) in Q1 2023, a decrease of 14.7 kg (473 oz), or 10%;
- 104,617 tonnes of ore with an average grade of 1.03 g/t were processed through the CIL plant;
- The CIL plant operated for 2,073 hours at a throughput rate of 50 tonnes (50) per working hour and achieved a recovery rate of 85% as budgeted. The budgeted recovery rate defined was lower than previously achieved due to the increased proportion of the heap leach tailings in the CIL feed;
- 16,170 tonnes of ore were mined in Q1 2024, compared to 21,290 tonnes in Q1 2023, a decrease of 5,130 tonnes or 24%. Stripping volume amounted to 622,400 m3 (173,300 m3, or 39% more than in Q1 2023);
- The average grade of processed ore in Q1 2024 was 1.03 g/t, compared to 1.54 g/t in Q1 2023, a decrease of 33%;
Overall, Q1 2024 production was in line with the Company's production plan.
Total Gold Production
| Production unit | 3m 2024 | 3m 2023 | Change | ||||
| kg | oz | kg | oz | kg | oz | % | |
| Hard rock | |||||||
| Tardan (CIL) | 86,3 | 2 774 | 139,0 | 4 469 | -52,7 | -1 695 | -38% |
| Alluvial | |||||||
| Staroverinskaya | - | - | - | - | - | - | |
| Total gold produced | 86,3 | 2 774 | 139,0 | 4 469 | -52,7 | -1 695 | -38% |
Hard Rock Gold Production
| Unit | 3m 2024 | 3m 2023 | Change | ||
| Mining | |||||
| Waste stripping | 000 m3 | 622,40 | 449,10 | 173,30 | 38,6% |
| Ore mined | 000 tonnes | 16,17 | 21,29 | -5,13 | -24% |
| Gold in Ore | kg | 21,73 | 42,83 | -21,10 | -49% |
| Average grade | g/t | 1,34 | 2,01 | -0,67 | -33% |
| CIL | |||||
| Ore processing | 000 tonnes | 104,62 | 100,66 | 3,96 | 4% |
| Grade | g/t | 1,03 | 1,54 | -0,51 | -33% |
| Gold in ore processing | kg | 107,61 | 154,52 | -46,91 | -30% |
| Gold produced CIL | kg | 86,28 | 139,01 | -52,73 | -38% |
| Opening WIP (gold) | kg | - | - | ||
| Closing WIP (gold) | kg | 5,00 | - | ||
| Recovery | % | 84,8% | 90% | -5,1% | -5,7% |
| Warehouse on Mar 31 | - | ||||
| Ore | 000 tonnes | 53,78 | 39,81 | 13,97 | 35% |
| Grade | g/t | 1,41 | 1,37 | 0,04 | 3% |
For more information, please contact:
Danilo Lange, CEO
Tel: +7 495 109 02 82
E-mail: d.lange@auriant.com
Company name: Auriant Mining AB Short name: AUR
ISIN-code: SE0001337213
Website: www.auriant.com
Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in the Republic of Tyva, Zabaikalye and the Republic of Khakassia. The company has currently four assets, including two operating mines (Tardan and Alluvial at Staroverinskaya), one early stage exploration asset and one development asset.
Since July 19, 2010, Auriant Mining´s shares are traded on Nasdaq First North Premier Growth Market under the short name AUR. For more information, please visit www.auriant.com. G&W Fondkommission is Certified Adviser to Auriant, for more information please visit www.gwkapital.se.
This information is information that Auriant Mining AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13.35 CET on April 24th, 2024.
Attachment
- Q1_2024_Press release (Operational)_ENG