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Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Post by romaraon May 24, 2012 10:39am
326 Views
Post# 19941483

Into The Second Quarter - Outlook

Into The Second Quarter - Outlook

In reading from the First Quarter results we now have them stating in the "Outlook"

"In achieving the targeted production rate of 150,000 ounces of gold under steady state operations,"  the Company is focusing on ramping up production from the SSX-Steer mine which will be complete towards the end of the second quarter with the delivery of the remaining underground trucks and other equipment.  As well, the Company will continue to process available stockpiles and receive at an increasing rate"

I take this to understand, that they  have now achieved the "Targeted production rate of 150,000 ounces of gold"  

Until I am told otherwise, I take this is what is happening. All the above has been extracted from the First Quarter results .....Richard

 

Outlook.... from First Quarter 2012 results YNG

In achieving the targeted production rate of 150,000 ounces of gold under steady state operations, the Company is focusing on ramping up production from the SSX-Steer mine which will be complete towards the end of the second quarter with the delivery of the remaining underground trucks and other equipment.  As well, the Company will continue to process available stockpiles and receive ore from the Smith mine at an increasing rate.  Longer term the Company is looking at profitable opportunities to acquire mineable assets in the area and process third party ore under a toll milling arrangement.  The Company will also continue building the necessary infrastructure and making equipment purchases in order to open a third mine on the property, Starvation Canyon, located on the south end of Jerritt Canyon.

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