RNC Delivers Strong Production of 9,485 oz For the Month of November
TORONTO, Dec. 12, 2019 – RNC Minerals (TSX: RNX) (“RNC” or the “Company”) is pleased to announce consolidated gold production of 9,485 ounces for the month of November 2019 from its Beta Hunt and Higginsville mines in Western Australia.
Paul Andre Huet, Chairman & CEO, commented: “The production results for November were strong and once again demonstrate the consistent and reliable production RNC has achieved since the acquisition of the Higginsville Gold Mine and Mill. With December off to a good start, the strong combined October, November and third quarter 2019 production total of 41,470 ounces positions us very well with respect to meeting or exceeding our previously announced second half 2019 guidance of 42,000 to 49,000 ounces.”
As previously stated in RNC’s third quarter 2019 results news release dated November 6, 2019, RNC will be transitioning to quarterly reporting of production results beginning in January 2020. In line with industry standards, the Company will also provide annual production and cost guidance for 2020 during the first quarter of 2020.
About RNC Minerals
RNC is currently focused on the integration of its Beta Hunt Gold Mine with its recently acquired Higginsville Gold Operation (“HGO”) in Western Australia. The robust Beta Hunt gold mineral resource is underpinned by multiple gold shears with gold intersections along a 4 km strike length which remains open in multiple directions. The gold mineral resource is adjacent to an existing 5 km ramp network. RNC has a 100% interest in HGO, which is comprised of a low cost 1.4 Mtpa gold mill and a substantial portfolio of gold tenements. In addition, RNC has a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec. Dumont contains the second largest nickel reserve and ninth largest cobalt reserve in the world. RNC also owns a 24% interest in Orford Mining Corporation, a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. RNC has a strong Board and management team focused on delivering shareholder value. RNC’s common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF.
For further information: Rob Buchanan, Director, Investor Relations, T: (416) 363-0649, www.rncminerals.com