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

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Yukon Nevada Gold Corp > Veris Gold Corp. Jerritt Canyon Operation Achieves
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Post by MrGRP on Oct 16, 2012 9:41am

Veris Gold Corp. Jerritt Canyon Operation Achieves

In September the operation produced and shipped 12,882 ounces of gold from processing of underground and stockpiles of Jerritt Canyon ores. For the third quarter of 2012, gold produced and shipped totaled 35,523 ounces, on target with stated guidance.
Randy Reichert, Co-CEO and COO, commented, “The gold production achieved in September and overall in the third quarter demonstrates that the Jerritt Canyon operation is running well, producing as planned and has now achieved more than four months of steady state production. This is the greatest amount of organic gold production in any quarter from Jerritt Canyon since 2006 which represents a major milestone for the Company. Looking ahead, we will continue to ramp up to run rate production of 16,000 ounces per month by the end of December 2012.”
Shaun Heinrichs, Co-CEO and CFO added, “For Q3 2012, on a preliminary unaudited basis, the Jerritt Canyon operations achieved quarterly positive operating cash-flow for the first time since Q3 2007 and generated over $50.7M in gold sales revenue from our own ores

https://www.verisgoldcorp.com/s/NewsReleases.asp?ReportID=552519&_Type=News-Releases&_Title=Veris-Gold-Corp.-Jerritt-Canyon-Operation-Achieves-Target-Production-and-Po...

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