Business
Gammon Reports Strong Operating Performance at the Ocampo Mine for October and November
Gammon Reports Strong Operating Performance at the Ocampo Mine for October and November
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\n\n Dec. 7, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nTSX: GAM / NYSE: GRS / BSX: GL7\n\nTORONTO, Dec. 7 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): is pleased to provide preliminary results from the Ocampo mine for the months of October and November. Operations at the Ocampo mine continue to strengthen and benefit from the completion of the two year capital expansion program. All figures reported are in U.S. dollars unless otherwise indicated.\nThe Company remains on track to achieve the 2010 Ocampo production and cash cost guidance of 100,000-110,000 gold ounces; 4,400,000-4,950,000 silver ounces; 180,000-200,000 gold equivalent ounces(1); and total cash costs of $410 - $435 per gold equivalent(1) ounce.\n\n\n >\n\n\n"I am very pleased that the Ocampo team continues to deliver improvements across the key operating metrics. The operations are now benefiting from the two year capital expansion program that is not only supporting continued production growth, but at costs lower than the industry average, all of which is during a period of record metal prices." said René Marion, President and Chief Executive Officer. "Margins of $933 per gold equivalent ounce, or 68%, combined with our very strong cash position of over $107 million as of September 30th, positions Gammon well to self fund its future growth profile."\n\n\n >\n\n\nAbout Gammon Gold\n\nGammon Gold Inc. is a mid-tier gold and silver producer with properties in...