Endomines AB Reports Production Results of Pampalo Operations for the Fourth Quarter and Full Year of 2014
The production for the full year was 761.9 kg gold in 2014 as compared to 790.0 kg in 2013. Full-year gold production was 24,497 oz compared to 25,399 oz reported a year ago. The company milled 395,342 tonnes of ore compared to 329,583 tonnes of ore milled a year ago. Reduced development drifting due to a cost saving campaign during the summer period impacted negatively on underground stoping and flexibility, especially during the months of November and December. The hourly utilization was also adverse impacted due to shortage of ore as well as technical disturbances in the processing plant.