RNC Minerals Produces 13,497 oz of Gold in October 2018

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RNC Minerals Produces 13,497 oz of Gold in October 2018

posted on Nov 12, 2018 01:54PM

2018-11-12 09:40:30 AM ET (MT Newswires)

09:40 AM EST, 11/12/2018 (MT Newswires) -- RNC Minerals Corporation (RNX.TO), down 4.2% in early trade, reported production from the Beta Hunt Mine of 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t.

Year-to-date October 31, 2018 mined gold ounces was 71,957, 60% higher when compared to the prior year period. This includes the 25,355 ounces thus far from the Father's Day Vein and a total of 30,145 ounces of high grade coarse gold from all areas.

Mark Selby, President and CEO of RNC, said RNC is in a "solid cash position" with a cash and cash equivalents balance (including specimens held for sale valued at gold content) as of November 9, 2018 of $18.8 million. This will be sufficient to fund the company's planned upcoming activities.