Sage Gold Inc SGGDF

Great news out 476 oz first pour!!!

[mooseslayer]

nice start over $600K

[mooseslayer]

Sage Gold- First Gold Production From Clavos Mine Toronto, Ontario, November 8, 2017 - Sage Gold Inc. (Sage Gold or the Company) (TSX-V: SGX) is pleased to announce that it has received confirmation from McEwen Mining Inc. (TSX: MUX) that mineralized material processed from the first bulk sample mill run at the Stock Mill in Timmins, located 10 km from the Clavos Mine, has yielded approximately

[mooseslayer]

That's US$609K or $761 Canadian dollars. That was scooped up rbble from previous miners but very profitable as already there to be picked up.. The newer minings will be higher grade

[mooseslayer]

oops... that's Cdn$761,000. Ocean11...good luck. Everybody in this sector needs a boost. I would love to see gold get back over $1300 or even $1400 and get some interest back in PM stocks.

[mooseslayer]

with 80 million shares , at .185 only a $15 million market cap. They raised almost that much in the last year. Money in hand and producing. Hopefully we will get some SP appreciation starting tomorrow.

[snowtigerrr]

This is a wonderful update! Sage has started pouring gold and going forward should have all in sustaining costs of around $1160/oz (sustaining capex, operating expenses, SG&A, smelter fee). With Canadian gold at $1600 SGX is turning $300-400 in EBITDA margin per ounce. Clavos is permitted for 700 tons per day and should produce around 20 - 30,000 ounces per year which means SGX will have

[mooseslayer]

You are absolutely right. There is a huge amount of great information in the NR. Power from the grid connection, increasing grade in upcoming shipments, drill news should start coming in from the drilling within the mine and other targets on the property. There is also an interesting photo they posted on twitter with the visible gold streak. https://twitter.com/sagegoldinc/

[bodybuilder]

No doubt, that is a lot of money and appreantly just the start. Hats off to the team.

[mooseslayer]

It seems they are definately moving in the right direction. The money from the last PP was earmarked specifically for exploration and drilling so there could be some good results coming down the road. Pre-bid at .195. and except for a chunk at .20 there isn't much on the ask right now. I would love to see this get back to mid-twenties before they start getting drill results. Level 2 Quote

[oceaneleven]

Congrats!!! We shareholders at IVS.vn sent ours to the new aquired McEwen mill a few days later-Oct 17...Rob McEwen is very large investor in Inventus Mining.....May this area rain gold down us all!!!!!!