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    • By infinitemlm
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    • By Rose123456
      Anaconda sold 5,251 ounces of gold during the first quarter of 2019, generating gold revenue of $8.8 million at an average realized gold price1 of $1,671 per ounce sold. The 16% increase in gold sold over Q1 2018 was due to ounces in gold doré inventory from year-end being sold in January. Gold production of 4,176 ounces was 3% lower than Q1 2018, largely from the impact of lower mill availability due to planned maintenance on the main ball mill and unplanned maintenance for the regrind mill due to delayed shipment of trunnion liners, and the consequent decision to accelerate other maintenance programs (see details below). The Pine Cove Mill returned to operation during the first week of April. While the lower availability and the resulting throughput rate impacted quarterly production from a timing perspective, the Company was able to minimize gold recovery losses and greatly improve asset reliability and efficiency going forward. Further, mining operations continued during this period and the operation has established a robust stockpile of over 30,600 tonnes as at quarter-end.
      The Company remains on track to produce and sell between 19,000 and 20,000 ounces of gold from continued mining at Stog'er Tight and pushbacks to the Pine Cove Pit, and the commencement of mining at Argyle in the second half of the year. While the final mining permits for Argyle are pending, the Company continues to finalize a mineral resource update and mine planning, which will incorporate the additional drilling completed since the last Mineral Resource Estimate as well as ongoing infill drilling. Mill throughput will be maintained throughout the year with marginal ore stockpiles available to supplement mill feed, although the Company continues to investigate opportunities to defer processing marginal ore.
      1 Refer to Non-IFRS Measures Section below.
      Point Rousse Mill Operations – The Pine Cove Mill processed 79,758 tonnes during Q1 2019, down 27% compared to the first quarter of 2018 due to lower mill availability from a combination of the planned maintenance on the main ball mill with routine replacement of the mill liners, lifters and trunnions and delayed shipment of trunnion liners and unplanned maintenance on the head of the regrind mill. The failure of the regrind mill also impacted the throughput rate during the quarter, in addition to adverse weather conditions in the earlier part of the quarter impeding the rate of crushing.
      When the regrind mill was taken off-line, a back-up stirred media detritor ("SMD") system was initiated to maintain a certain level of throughput, however it was noted that the system was not able to maintain the optimal grind size and leach capabilities, leading to recovery losses. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs, including the replacement of the trunnion liners and a full lifter and liner change on the primary ball mill, the repair of the electric motor on the primary ball mill, repairs to the screen box in the crushing circuit, and the replacement of valves and piping in the flotation circuit.
      Average grade during Q1 2019 was 1.92 g/t, a 33% increase over the first quarter of 2018, and consistent with the fourth quarter of 2018 when Stog'er Tight became the main ore feed to the Pine Cove Mill. The mill achieved an average recovery rate of 84.8%, resulting in gold production of 4,176 ounces for the first quarter of 2019. The average recovery rate decreased compared to both Q1 2018 and the fourth quarter of 2018, as leach recoveries were impacted by the absence of the regrind mill in March, and the back-up SMD system was not able to maintain the optimal grind size. In February, when ore feed was predominantly from Stog'er Tight and the regrind mill was on-line, the mill achieved an average recovery of 88.5%.
      Point Rousse Mine Operations – During the first quarter of 2019, the mine operations produced 77,367 tonnes of ore from the Stog'er Tight Mine. Mine operations also included 45,120 tonnes of waste from pushbacks at the Pine Cove Pit, where development activity is ongoing in preparation for mining in the second quarter. Ore tonnes for the quarter were higher than expected, with production results demonstrating a positive variance against the block model underlying the mine plan. As at March 31, 2019, the operation had stockpiled over 30,600 tonnes of ore with an estimated average grade of 1.73 g/t.
    • By Rose123456
      Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically
      located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018)
      and a positive P.E.A. study (2012). Abcourt is focusing on the exploitation of the Elder mine.
      The Abcourt-Barvue property has silver-zinc reserves (2014). A feasibility study was completed in
      2007 by Roche / Genivar. A 43-101 update was completed in January 2019. A total of 8.07 M
      tonnes of proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% of zinc are
      available to be mined. The portion mineable by open pit is 81.6% and the portion mineable
      underground is 18.4%. Inferred resources are 2.07 M tonnes with a grade of 114.16 g/t of silver
      and 2.89% zinc.
      In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
      Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
      The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was filed in
      May 2019. A positive 43-101 feasibility study was completed recently by PRB Mining Services Inc.
      The mineral reserves are 10,900 tonnes in the proven category with a grade of 12.20 g/t of gold
      and 475,625 tonnes in the probable category with a grade of 11.85 g/t of gold. The inferred
      resources are 93,100 tonnes with a grade of 11.85 g/t of gold.
      To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
      www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
      This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines
      Inc. Mr. Hinse is a “Qualified Persons” under the terms of Regulation 43-101. Mr. Hinse has
      approved the scientific and technical disclosure.
    • By infinitemlm
      The concept of MLM or network marketing business was primarily introduced in the USA (United States of America) in the last of the 1920s. Then, it began to spread to the other parts of the world within no time.But still, almost all the top MLM companies around the world are based or focussed in the USA. One can easily find out top MLM Companies in the United States to understand the network marketing opportunity
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