{"id":1194625,"date":"2020-07-08T13:23:05","date_gmt":"2020-07-08T18:23:05","guid":{"rendered":"https:\/\/www.mining.com\/?p=1029138"},"modified":"2020-07-08T13:23:05","modified_gmt":"2020-07-08T18:23:05","slug":"fiore-posts-record-quarterly-production-stock-jumps","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1194625","title":{"rendered":"Fiore posts record quarterly production, stock jumps"},"content":{"rendered":"<p>US-focused gold producer Fiore Gold (TSXV: F) <a rel=\"noreferrer noopener\" href=\"https:\/\/fioregold.com\/fiore-gold-reports-record-gold-production-of-12792-ounces-and-cash-generated-of-us8-2-million-in-fiscal-q3\/\" >announced Wednesday<\/a> preliminary production results for the fiscal third quarter of 2020 from its Pan open-pit mine in White Pine County, Nevada.<\/p>\n<p>The Pan mine, located 28 km southeast of the town of Eureka, was purchased by the company out of bankruptcy in 2016 for approximately $5 million.<\/p>\n<p>For the three-month period, gold production from the mine totalled 12,792 ounces, marking a second successive quarter of record production. A total of 12,761 ounces were sold at an average realized price of $1,720 per ounce.<\/p>\n<p>As a result of increased production and sales, Fiore ended the quarter with a cash balance of $17.3 million, which was $8.2 million higher than previous quarter.<\/p>\n<p>During the quarter, Fiore also completed 71,505 feet of drilling, the results of which will be used to support an updated resource and reserve estimate in H2 2020.<\/p>\n<p>Shares of Fiore Gold were up 7.3% by 2 p.m. EDT on Wednesday. Earlier in the session, the stock had hit a two-year high of C$1.35 per share. The Toronto-based miner has a market capitalization of C$121.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Fiore Gold hit a two-year high Wednesday.<\/p>\n","protected":false},"author":88,"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\/1194625"}],"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\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1194625"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194625\/revisions"}],"predecessor-version":[{"id":1194646,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1194625\/revisions\/1194646"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1194625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1194625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1194625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}