{"id":42418,"date":"2023-07-11T11:40:37","date_gmt":"2023-07-11T11:40:37","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique"},"modified":"2023-07-11T11:53:48","modified_gmt":"2023-07-11T11:53:48","slug":"xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique","title":{"rendered":"Xtract Resources shares rise on higher Fair Bride deposit gold production in Manica, Mozambique"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Shares of Xtract Resources rose 11% on Thursday after the company reported a rise in gold production for the Fair Bride deposit within the Manica concession in Mozambique over the past quarter. Here\u2019s what the mining company had to say:<\/p>\n

On Fair Bride<\/b> (Xtract has a 23% share of net profit):<\/p>\n

\u201cFair Bride gross gold production continued to increase during 1Q 2023 and was 140kg (equivalent to approximately 4,522 ounces).\u201d<\/p>\n

\u201cFair Bride\u2019s average gold sales price for 1Q 2023 was $1,859 per ounce.\u201d<\/p>\n

\u201cMonth on month, gold production has increased from 37.6kg in January 1Q 2023 to 66.3kg in May of the current quarter (2Q 2023).\u201d<\/p>\n

\u201cClear indications are that post the heavy rains, results are improving significantly and 2Q 2023 is showing a marked improvement with plant throughput increasing from 30,000 tonnes per month in 1Q 2023 to current nameplate capacity of more than 40,000 tonnes per month.\u201d<\/p>\n

On Other Manica Projects:<\/b><\/p>\n

\u201cThe total gold production for these the other Manica projects in 1Q 2023 was 36Kg (equivalent to approximately 1,156 ounces) of which the Xtract\u2019s share was 183 ounces.\u201d<\/p>\n

\u201cOther Manica Projects\u2019 average gold sales price for 1Q 2023 was $.1,812 per ounce.\u201d<\/p>\n

Shares at 1440 GMT were up 0.15 pence at 1.55 pence.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Shares of Xtract Resources rose 11% on Thursday after the company reported a rise in gold production for the Fair Bride deposit within the Manica concession in Mozambique over the past quarter. Here\u2019s what the mining company had to say: On Fair Bride (Xtract has a 23% share of net profit): \u201cFair […]<\/p>\n","protected":false},"author":84,"featured_media":42417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-42418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nXtract Resources shares rise on higher Fair Bride deposit gold production in Manica, Mozambique - Mozambique<\/title>\n<meta name=\"description\" content=\"Shares of Xtract Resources rose 11% on Thursday after the company reported a rise in gold production for the Fair Bride ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xtract Resources shares rise on higher Fair Bride deposit gold production in Manica, Mozambique\" \/>\n<meta property=\"og:description\" content=\"Shares of Xtract Resources rose 11% on Thursday after the company reported a rise in gold production for the Fair Bride ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T11:40:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T11:53:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689060127.864979.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"488\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Xtract Resources shares rise on higher Fair Bride deposit gold production in Manica, Mozambique\",\"datePublished\":\"2023-07-11T11:40:37+00:00\",\"dateModified\":\"2023-07-11T11:53:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique\"},\"wordCount\":215,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689060127.864979.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/xtract-resources-shares-rise-on-higher-fair-bride-deposit-gold-production-in-manica-mozambique\",\"name\":\"Xtract Resources shares rise on higher Fair Bride deposit gold production in Manica, Mozambique - 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