Toronto-based Campbell Resources (CCH-T) produced a record 124,800 oz. gold in 1996, representing a 4% increase over 1995.
From the Joe Mann gold-copper mine in Quebec, Campbell extracted 70,400 oz.
gold at a grade of 0.29 oz. per ton, compared with 64,500 oz. at 0.25 oz. per ton in 1995. Shaft-deepening, now under way, will result in six new production levels and allow for further exploration laterally and at depth.
The program is scheduled to be completed in the second half of 1998.
Farther afield, in northwestern Mexico, the Santa Gertrudis mine — an open-pit, heap-leach operation — produced 54,400 oz. gold in 1996. Similar production levels were recorded in 1995. A 100,000-ft. exploration drill program, which will cost $5 million, is under way at the property.
In Panama, construction is progressing on another open-pit, heap-leach gold mine — the Cerro Quema.
The company is expected to produce 123,000 oz. gold this year, rising to 180,000 oz. in 1998.
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