Brief: Goldsource revises 2016 production guidance

Goldsource Mines

14/11/2016 14:02

Nov 14 (Reuters) - Goldsource Mines Inc  GXS.V  
    * Goldsource Mines sees average throughput of 500 tonnes per 
day (TPD) in November 2016 and 750 TPD for December 2016 
    * Goldsource Mines company produced 137 ounces of gold in 
September and 78 ounces of gold in October 
    * Goldsource Mines production during September and October 
materially impacted by "equipment related downtime and water 
shortages due to dry season" 
    * Goldsource Mines  revised 2016 production guidance range 
of 600 to 800 ounces of gold, down from previous guidance of 
1,400 to 2,100 ounces of gold 
    * Goldsource Mines drop in phase I proof of concept 
production guidance for 2016 primarily reflects lower than 
expected throughput and recovery 
    * Goldsource Mines sees average net recovery to dore of 
20-25 pct, down from budgeted net gold recovery of 25-30 pct for 
H2 2016 
    * Goldsource revises 2016 production guidance 
 
Source text for Eikon:  ID:nGNXNLXIYa  
Further company coverage:  GXS.V  
 
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