High River Gold Mines Ltd HRIVF

RE: longs dont like the truth

[Mongoose123]

It is true that HRG's Irokinda and Zun Holba  operations are nearing the end of their mine lives having approximately one year of production remaining.  These operations produce approximately 140k ounces per year comprising 40% of HRG production.  The good news is that the Bissa heap leach operation will easily replace this production loss and the timing of Bissa production coincides well with this potential decrease.  Let's not forget that Severstal is spending significant exploration dollars in proximity to the Irokinda and Zun Holba mines and may extend their production lives.  Bottom line - no significant impact or interruption toHRG production of approximately 350,000 ounces/yr.