Guyana Goldfields Inc. Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Production Guidance for the Fiscal 2019
For the year 2018, the company reported total mined of 18,706,000 tonnes compared to 12,443,000 tonnes a year ago. Gold production was 150,450 ounce compared to 160,500 ounce a year ago.
The company also provided production guidance for the fiscal 2019. For the period, the company expects gold production to be between 145,000 to 160,000 ounces. The mid-point of production guidance is 152,500 ounces, which, if achieved, would represent an increase of 1.4% from 2018. The Company expects production will be evenly weighted in first and second half of the year.