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Bullboard - Stock Discussion Forum Yukon Nevada Gold Corp T.YNG

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > News Article
View:
Post by AngryBob on Oct 28, 2009 10:12am

News Article

Excerpt from Great Basin Gold article:

Due to the commissioning of the Esmeralda mill and the high toll milling costs
associated with treatment at Newmont's Midas mill, the Company elected not to
treat any ore in the third quarter of 2009 and, as a result, did not record
any revenue during the period. The Company has subsequently also entered into
an ore processing agreement with Yukon-Nevada, to process the 30,000
additional ore tons currently stockpiled at the Hollister property, at a cost
of US$88 per ton. Fixed recoveries of 88% for both gold and silver have been
agreed to.

Full article:
https://www.reuters.com/article/pressRelease/idUS199012+27-Oct-2009+PRN20091027

It's not huge money but it will help keep the lights on.
Comment by arthur7440 on Oct 28, 2009 11:53am
 Thanks For Sharing Angry Bob                                                  Artie
Comment by AngryBob on Oct 28, 2009 12:53pm
Very glad to.  Many others have been very generous with their knowledge and information on SH.  It's only fair that I do the same when I can.
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