Brief: Kopy Goldfields FY 2020 Gold Sales At 55.43 Koz

Kopy Goldfields AB (publ)

22/01/2021 07:58

Jan 22 (Reuters) - Kopy Goldfields AB (publ)  KOPY.ST :
    * KOPY GOLDFIELDS PUBLISHES Q4 AND FULL YEAR 2020
OPERATIONAL
UPDATE
    * IN LINE WITH ITS GUIDANCE, COMPANY HAS INCREASED ITS
ANNUAL GOLD
PRODUCTION DESPITE COVID-19 PANDEMIC
    * GOLD SALES FOR FULL YEAR 2020 AMOUNTED TO 55.43 KOZ
(1,723.96
KG), COMPARED TO 48.71 KOZ (1,515.01 KG) IN 2019.
    * TOTAL 2020 PRODUCTION AMOUNTED TO 53.11 KOZ (1,652.04 KG)
OF
GOLD EQUIVALENT, IN LINE WITH PREVIOUS GUIDANCE (52-54 KOZ) AND
SLIGHTLY ABOVE 2019 PRODUCTION LEVEL OF 52.26 KOZ (1,625.41 KG)
    * TOTAL GOLD EQUIVALENT PRODUCTION IN Q4 2020 FROM TWO
BEDROCK
MINES AND TWO ALLUVIAL MINES IN KHABAROVSK UP BY 24% TO 10.83
KOZ
    * PRODUCTION GROWTH IN Q4 2020 WAS DRIVEN BY INCREASED
PRODUCTION
FROM GRAVITY AND FLOTATION CONCENTRATES FROM PEREVALNOE MILL,
WHICH PROCESSED A TOTAL OF 166 KT OF ORE IN 2020, COMPARED TO
131 KT IN 2019
    * DURING LAST TWO WEEKS OF DECEMBER 2020, PACE OF MINERAL
PROCESSING AND UNDERGROUND MINING OPERATIONS AT YUBILEYNIY WAS
REDUCED DUE TO COVID-19
    * REDUCTION AFFECTED VOLUME OF ORE PROCESSED AND TOTAL GOLD
PRODUCTION FOR Q4 AT YUBILEYNIY
    * PRODUCTION GROWTH IN Q4 2020 WAS DRIVEN BY INCREASED
PRODUCTION
FROM GRAVITY AND FLOTATION CONCENTRATES FROM PEREVALNOE MILL
    * AS OF DATE OF THIS PRESS RELEASE, ALL OPERATIONS ARE
RESTORED TO
PLANNED SCALE.

Source text for Eikon:  ID:nBQN4YG97H 
Further company coverage:  KOPY.ST 

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