“Our fourth quarter production was consistent with third quarter production notwithstanding a disruptive but beneficial change in mining contractors during the quarter,” Elevation Gold CEO Tim Swendseid said. “Even though ore mining was hampered by the transition, we anticipate fully recovering the tonnage during 2023 through improved performance by the new contractor.”

The company also reported progress with its exploration activities at Florence Hill. “We are currently drilling the fifth out of a total of six holes, and everything is progressing smoothly,” Swendseid said. “We remain highly excited in anticipation of the assay results.”