Vancouver-based Fiore Gold (TSXV:F; US-OTC:FFRRF), a new company backed by financier Frank Giustra, is off to a strong start at its revamped Pan gold mine, 28 km southeast of Eureka, Nevada, having hit record ore and gold production in September.
The company reached its targeted ramp-up of 12,700 tonnes per day two months ahead of schedule, resulting in production of 1,602 oz. of gold in September, a 160% increase from August.
The heap leach mine was formerly operated by now-insolvent miner Midway Gold. It saw its first gold pour in March 2015, but was shuttered three months later due to falling recoveries.
Tim Warman, CEO of Fiore, tells The Northern Miner during a phone interview his company “isn’t seeing any of the issues that plagued the previous operators,” and expects gold production “will continue to climb for a month or two afterwards due to the time required for leaching on the pad, but the heap leach pad is performing really well.”
Continue reading at The Northern Miner.