Luna Gold Announces Third Quarter Gold Production of 20,188 Ounces
posted on
Oct 07, 2014 08:18PM
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VANCOUVER, BC--(Marketwired - October 07, 2014) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF), "Luna" or the "Company," announces that its gold production at the Aurizona Gold Mine for the three-month period ended September 30, 2014 (the "Third Quarter 2014") was 20,188 ounces of gold at an average grade processed of 1.30 grams per tonne.
Production Data
Third Quarter 20141 |
Second Quarter 2014 |
First Quarter 2014 |
Fourth Quarter 2013 |
Third Quarter 2013 |
||||||
Processed ore (tonnes) | 582,040 | 406,144 | 486,839 | 562,501 | 540,194 | |||||
Average grade processed (g/t) | 1.30 | 1.14 | 1.40 | 1.38 | 1.32 | |||||
Average recovery rate | 88 | % | 89 | % | 89 | % | 89 | % | 90 | % |
Gold produced (ounces)2 | 20,188 | 14,262 | 19,414 | 22,177 | 20,997 | |||||
Gold sales (ounces)3 | 17,535 | 13,882 | 23,002 | 16,755 | 19,812 |
1Production statistics are unaudited and may be subject to change.
2Gold produced represents physical gold output from the processing plant. The variance between gold produced and the theoretical gold recovered is represented as changes in estimated gold work in progress inventory.
3Includes gold deliveries to Sandstorm Gold Ltd.
Luna Gold will provide a more detailed analysis in its Management's Discussion and Analysis and financial results for the Third Quarter 2014, which will be released on November 13, 2014. Details for the conference call reviewing the Company's performance will be announced in October.
About Luna Gold Corp.
Luna is a gold production and exploration company engaged in the operation, discovery, and development of gold projects in Brazil.
On behalf of the Board of Directors
LUNA GOLD CORP.
Geoff Chater - President and CEO
Website: www.lunagold.com