Banks Island Gold Ltd. announced production results for the month of August 2014, September 2014 and up to October 25, 2014. For the month of
August the company produced 297 dry metric tonnes (dmt) of flotation concentrate which graded 74 grams per tonne (gpt) gold and 185gpt silver. In August the flotation plant averaged a throughput of 78dmt per day and gold recovery in the flotation circuit averaged 91%. In September the company produced 584dmt of flotation concentrate which graded 72gpt gold and 192gpt silver. The company also produced 11dmt of gravity concentrate which graded 1,110gpt gold and 838gpt silver. In September the flotation plant averaged a throughput of 173dmt per day and gold recovery in the flotation circuit averaged 89%. In October, up to October 25, 2014, the company produced 457dmt of flotation concentrate which graded 68gpt gold and 341gpt silver. During the month the company stockpiled all of its gravity gold concentrates for further processing on the newly installed concentrating table once commissioning is complete. In October, up to October 25, 2014, the flotation plant averaged a throughput of 168dmt per day and gold recovery in the flotation circuit averaged 86%.