La Herradura – Attributable gold production at La Herradura in Mexico was 52,000 ounces at CAS of $765 per ounce during the third quarter. Gold production increased 2% from the prior year quarter due to higher production from Noche Buena and Centauro, essentially offset by lower production from Soledad and Dipolos. CAS per ounce increased 26% from the prior year quarter due to higher waste mining. AISC at La Herradura were $1,173 per ounce, up 15% over the prior year quarter due to an increase in gold CAS per ounce.
The Company now expects to be at the low end of its previously guided 2013 attributable gold production range of between 200,000 and 250,000 ounces and at the high end of its previously guided CAS range of $650 and $700 per ounce inclusive and exclusive of stockpile write-downs.
South America AISC for the third quarter were $1,077 per ounce, or flat over the prior year quarter. AISC were positively impacted by a 63% reduction in sustaining capital expenditures per ounce, partially offset by a 14% increase in gold CAS per ounce.Yanacocha – Attributable gold production at Yanacocha in Peru was 132,000 ounces at CAS of $591 per ounce during the third quarter. Gold production decreased 28% from the prior year quarter due to lower leach production as a result of placing lower grade leach ore from Tapado Oeste partially offset by higher mill grade from Tapado Oeste. CAS per ounce increased 14% from the prior year quarter due to higher mining costs related to the commencement of production at Cerro Negro and El Tapado Oeste in the fourth quarter 2012 and leach pad write-downs at La Quinua, Yanacocha, and Maqui Maqui. AISC were $996 per ounce, down 2% over the prior year quarter due to lower sustaining capital expenditures per ounce, partially offset by higher gold CAS per ounce. The Company is maintaining its 2013 attributable gold production outlook of between 475,000 and 525,000 ounces at CAS of $650 to $700 per ounce inclusive of stockpile write-downs and $600 to $650 per ounce exclusive of stockpile write-downs.
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