Gold sales increased by 10% Year over Year

Jul 13, 2023

Elevation Gold Mining Corporation announce the production results for the three and six months ended June 30, 2023 (Q2 2023).  The Company expects to file its interim financial statements and management discussion and analysis in August 2023.

According  to the statements & analysis for Second Quarter 2023, Elevation Gold produced 6,788 ounces of gold from 721,187 ore tonnes processed with average grades of 0.38 g/t, approximately equal to the quantity of gold produced in Q2 2022. The Company sold 6,839 ounces of gold during Q2 2023. Year-to-date 2023, the Company sold 14,918 ounces of gold, an increase of 10% over the gold sales in the comparable year-to-date period of 2022.

Tim Swendseid, Elevation Gold’s CEO, stated “Our second quarter production reflected some fragmentation and crusher maintenance challenges, and the majority of the ore was sourced from West Pit.  Moss’s second half is forecasted to show improvement as we mine additional East Pit ore and move past the issues experienced in the first half.

We remain confident in our guidance of 34,000 to 36,000 ounces of gold production for all of 2023.   We have kicked-off construction of our 3A-Ph2 Leach pad, which will be completed in Q4 2023 and will provide sufficient leach pad capacity for ore production through 2025.   Our collective Moss Mine team had an outstanding half in terms of safety and are well prepared to carry out improvements throughout the remainder of the year.”

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