Rio Tinto Posts Reduced Output At Argyle and Diavik Mines In Q3

By Albert Robinson / October 16, 2018 / www.idexonline.com / Article Link

(IDEX Online) - Rio Tinto reported that production was 19% lower on the year in the third quarter at its Argyle mine in Australia.

                                                                                

Production was enhanced by the processing of higher grade alluvial tailings in the third quarter of last year, the miner said.

 

At the Diavik mine in Canada, output in the third quarter of 2018 was 9% lower than the corresponding period in 2017 due to lower grades.

 

The A21 project successfully mined its first ore in March 2018 and is expected to reach commercial production during the fourth quarter of 2018.

 

This fourth diamond pipe was officially opened on August 20.

Diamond production guidance for 2018 is between 17 and 20 million carats, the firm added.

Recent News

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com

Gold stocks near flat as equities dip

April 15, 2024 / www.canadianminingreport.com

Revenue estimates for gold stocks have remained relatively flat

April 08, 2024 / www.canadianminingreport.com

Gold stock valuations remain low even after price surge

April 08, 2024 / www.canadianminingreport.com

Gold stock to global money supply far from bubble territory

April 01, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok