BRIEF-Elgin Mining expects 2014 gold production about 44,000 to 49,000 ounces

Tue, 04 Mar - 1:39pm

March 3 (Reuters) - Elgin Mining Inc ELG.TO :

* Provides strong fourth quarter cash costs and positive 2014 outlook

* Says gold production is estimated to be in the range of 44,000 to 49,000

ounces for 2014

* Says expect production to ramp up to between 55,000 to 60,000 gold ounces per

annum

* In 2014, sees year-over-year improvement in operating, cost performance of

bjorkdal mine with gold production consistent with prior year

* Says capital expenditures at the bjorkdal mine are budgeted at US$7.9 million

for 2014

* Says planning to expand the bjorkdal operations in both the underground and

the plant

* Source text for Eikon News Search ID:nMKWVtWBFa

* Further company coverage ELG.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140304:nASB08E0B:9
Topics: 
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