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

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > Income and expenses...
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Post by POG1200 on Nov 22, 2009 1:52am

Income and expenses...



Nicole responded promptly to my email. The news she shared with me is that the Jerritt Canyon milling facility is currently producing gold. The facility is in the ramping up stage to a steady rate of production utilizing the full capacity of the circuit. The exact rate of production at the moment is unknown to her, but they are looking at producing 2,000 ounces per week once the mill is running at a steady rate.
 
I’m asking her if the profit from current production at Jerritt is enough to cover the operation's expenses and enable Jerritt to arrive at a steady rate of production utilizing the full capacity of the circuit?  If it is not, I’m asking her to itemize what expenses are absorbing the the dollars Jerritt is currently earning.
 
Let’s see what she says.
 
G.



Comment by arthur7440 on Nov 22, 2009 7:44am
 Thats great G.  You and we have every right to know,   thats for posting and please keep us up-date if and when you get a response,                                 I am also trying locate an old friend of mine ...more  
Comment by romara on Nov 22, 2009 12:17pm
POG, nice post....but I think what you are asking for, may be prohibited by the rules of the TSX. I am sure current financial information is not allowed to be made public until the quarterly Financial News Release is posted on SEDAR.  .....just my thoughts oh that subject.....Richard
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