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Kensington reports strong 2013 gold production

By Associated Press 8:04 AM February 21, 2014

Company officials are hoping to keep production strong in 2014.

JUNEAU, Alaska (AP) – Owners of the Kensington Mine outside Juneau are reporting metal sales of $746 million in 2013, including 114,821 ounces of gold.

KINY-radio (http://bit.ly/1c8rBVu) reports Coeur Mining released 2013 production figures Thursday.

Gold production was up 40 percent at the mine. Silver production fell 6 percent from 2012.

Company officials are hoping to keep production strong in 2014.

Chief operating officer Frank Hanagarne Jr., says increased mill throughput is expected to offset lower ore grades as miners drill toward higher-grade ore.

The company reports spending $5.7 million in the fourth quarter of 2013 on underground capital development and reserve drilling.

___

Information from: KINY-AM, http://www.kinyradio.com

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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