good results, lots of cash, await drill results Highlights for the quarter ending March 31, 2021 :
- Gold equivalent production of 9,912 ounces
- Gold production 8,787 ounces
- Silver production of 84,382 ounces
- $13.8 million cash on hand at quarter end
- Completion of 49,784 ft ( 15,174 m ) of infill and near-mine exploration drilling
Michael G Allen, President commented , "Production from the West Pit continues to improve as we have now developed large production benches, which allows for maximum mining efficiency. The initial stripping to expose the Moss Vein in the West pit is largely complete. Although forecast grades and production will be lower in 2021 versus 2020, the current infill drilling program has identified numerous areas where additional drilling could improve the resource model and ultimately the mine. We are very excited about our evolving knowledge of the mineralization of the Moss Mine and believe that there are substantial opportunities to improve and expand the operation."