Jerritt Canyon sees
4Q revenue rise
ELKO — Despite ongoing emissions
ELKO — Despite ongoing emissionstrouble with its two roasters
and a brief shutdown of operations
to address those issues, Jerritt
Canyon Mine owner Yukon-
Nevada announced record profits
of nearly
$10 million in the fourth quarter
ending March 31.
According to a statement from
spokeswoman Nicole Sanches,
Jerritt Canyon met its forecasted
120,000 ounces for the entire year,
including roughly 59,000 mined
since Yukon-Nevada purchased
Jerritt Canyon last June. The company
also produced roughly 38,000
ounces from purchased ore.
President and CEO Graham
Dickson said in reaction to Nevada
Division of Environmental
Protection’s temporary shutdown
order issued in March, Dickson
said, “We will continue throughout
this and every year to work diligently
to improve both our safety
and environmental performance
with a resultant overall improvement
in operations.”
NDEP ordered Yukon-Nevada to
update its emission controls at its
two roasters, as well as the testing
protocols.
Jerritt Canyon, a mid-level mine
by Nevada standards, grossed
$16.24 million over the year.
Another positive came from the
exploration end. According to
Sanches, additional reserves at
Jerritt Canyon “greatly enhance”
the outlook. More reserves were
also found at the company’s Ketza
River property in Canada.