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ABM Resources completes mining at Old Pirate, tops production forecast

said April 1that it has completed mining operations at the Old Pirate gold mine in Australia's NorthernTerritory.

Based on provisionalresults, the company marginally exceeded its 12,000-ounce production forecastfor the mine from Dec. 1, 2015, to closure.

Meanwhile,ABM expects processing at its Coyote plant to be completed within the firsthalf of the month, after which all gold bearing materials will be recoveredfrom the circuit and the plant will be placed on care and maintenance.

Final goldrecovery and reconciliation will be completed in May with the off-sitestripping of loaded carbon.

In December2015, the company flagged the potential closure of the Old Pirate mine dueto a lower-than-expected gold grade. The closure will result in 100 .