Crocodile Gold has reacted quickly to the weakening gold market by cutting corporate expenditures, establishing diligent capital allocation strategies and by reviewing productivity and operating costs. This demonstrates the focus and commitment of all our employees to take our Company to a new level. Rodney Lamond, President and CEO of Crocodile Gold, commented: 'I am very pleased to announce that Crocodile Gold has exceeded our increased gold production guidance for the year with over 210,000 ounces produced in 2013 while also achieving our cost reduction goals. Stawell continues to exceed expectations with a 21% increase in ounces produced over Q3. Record quarterly gold production from the Cosmo Gold Mine of 22,570 ounces for the fourth quarter.įosterville Gold Mine increased its underground ore mined during the quarter by 4% Strong operational performance across all three operations led to a record quarterly gold production of 58,267 ounces for the fourth quarter.Ĭonsolidated fourth quarter average grade increased 4% to 3.36 g/t Au. The Stawell Gold Mine achieved a full year of underground mining with production of 38,166 ounces The Fosterville Gold Mine continued its strong performance, producing 98,424 ounces. Full financial details for fiscal 2013 planned for release in mid-March.Ĭonsolidated annual gold production increased 26% to 210,696 ounces.Īnnual gold production from the Cosmo Gold Mine increased 45% to 74,106 ounces, while average grade increased 58% to 3.57 g/t Au.

( CRK.TO)( CROCF)( XGC.F) ('Crocodile Gold' or the 'Company') reports on its 2013 annual and fourth quarter production results.

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