Kinross Alaska Gold Output on the Rise

SEATTLE (Scrap Monster): Thanks to the roughly 140,000 ounces of gold recovered from high-grade ore delivered from the Manh Choh mine, Kinross Gold Corp.'s Fort Knox mine in Alaska produced 377,258 oz of gold last year, a 30% jump over the 290,651 oz produced in 2023.

"Full-year production at Fort Knox increased significantly compared with 2023, primarily due to first production from the higher-grade, higher-recovery ore from Manh Choh in the second half of 2024," Kinross penned in its end of 2024 results.

Kinross began feeding the first batch of the higher-grade, higher-recovery ore into the Kinross Alaska mill at Fort Knox around mid-year and poured the first bar of Manh Choh gold on July 8.

Approximately 142,300 oz of gold-equivalent, which accounts for the value of both the gold and silver, was recovered from Mahn Choh ore over the ensuing six months.

Roughly 99,600 oz gold-equivalent from Manh Choh was attributed to Kinross, which owns a 70% joint venture interest in the project.

The remaining roughly 42,700 oz was attributable to Contango ORE Inc., which owns the remaining 30% interest in the Peak Gold JV.

"The Peak Gold JV completed three campaigns in 2024, with Contango's 30% share of production in 2024 totaling approximately 42,000 ounces of gold and 16,300 ounces of silver, which greatly exceeded, by approximately 30%, the company's original guidance of 30,000 to 35,000 ounces of gold production for 2024," Contango Ore President and CEO Rick Van Nieuwenhuyse informed shareholders in December.

Courtesy: www.miningnewsnorth.com