{"id":1179337,"date":"2020-04-20T15:50:23","date_gmt":"2020-04-20T20:50:23","guid":{"rendered":"https:\/\/www.mining.com\/?p=1021015"},"modified":"2020-04-20T15:50:23","modified_gmt":"2020-04-20T20:50:23","slug":"rnc-minerals-on-track-to-meet-guidance","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1179337","title":{"rendered":"RNC Minerals on track to meet guidance"},"content":{"rendered":"<p>RNC Minerals (TSX: RNX) on Monday reported <a aria-label=\"consolidated gold production (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"http:\/\/www.rncminerals.com\/2020-04-20-RNC-Announces-Strong-First-Quarter-Gold-Production-of-24-816-oz-and-March-31-2020-Cash-Balance-of-38-4-Million\" >consolidated gold production<\/a> of 24,816 gold ounces for the first quarter of 2020 from its Beta Hunt and Higginsville mines in Western Australia.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>This figure represents the third consecutive quarter of &#8220;consistent gold production results&#8221; since acquiring the Higginsville mill and mining operations, the company said. <\/p>\n<p>Chairman and CEO Paul Andre Huet said the company is still on track to achieve its 2020 gold production guidance of 90,000-95,000 ounces at AISC of $1,050-$1,200\/oz, and he does not anticipate any &#8220;material disruptions in production&#8221; as a result of covid-19.<\/p>\n<p>Additionally, RNC reported that consolidated cash balance increased to $38.4 million as at March 31, an 11% improvement from the $34.7 million recorded at year-end, despite the logistical challenges posed by the Australia bushfires as well as inclement weather across Western Australia in January.<\/p>\n<p>RNC Minerals&#8217; stock closed 1.3% higher on the TSX following its Q1 results release. The company has a market capitalization of C$237.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s production guidance is set at 90,000-95,000 ounces this year.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179337"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1179337"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179337\/revisions"}],"predecessor-version":[{"id":1179343,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179337\/revisions\/1179343"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1179337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1179337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1179337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}