South African shaft timberman was unblocking a shute outlet on an underground conveyor belt.

The increase in expected and actual inflation rates combined with the Fed’s dovish stance could create downward pressure on the real interest rates and the US dollar, thus supporting gold prices.

US consumer prices rose by the most in more than 8-1/2 years, which supported gold and weakened the dollar.

The Kiena mill processed 7,032 tonnes of the bulk sample, recovering 6% more gold than predicted by the mineral resource.

This year, Magna expects San Francisco to generate 55,000 to 65,000 gold oz.

Total gold production for the first quarter of 2021 was 49,058 ounces.