Metanor produced 2,236 oz. of gold in January, c

Metanor produced 2,236 oz. of gold in January, compared to 1,718 oz. in December, bringing the total production since July 2012 to 10,111 oz. of gold.  The ounces produced in January come from 13,871 tonnes of ore grading 5.18 grams per tonne recovered at 96.8%.  This 30% increase of ounces in one month is related to the start up of more production stopes in January.  The average monthly grade was lower than December because of the mining of one stope at a lower grade.  The average monthly grade in February is expected to be higher than January.

The average tonnage in January was 447 tonnes per day (Tpd) compared to 275 Tpd in December.  The commissioning of new stopes in the coming weeks will allow the company to step up its production, and eventually start its commercial production.  Metanor will publish a press release regarding its production update between March 6th and 14th 2013.

http://www.metanor.ca/en/index.php/press-releases/