San Gold produces 20,055 oz Au in Q2
2011-07-07 04:48 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Jeremy Link reports
SAN GOLD REPORTS RECORD QUARTERLY GOLD PRODUCTION AND PROVIDES NOTICE OF SECOND QUARTER 2011 FINANCIAL RESULTS CONFERENCE CALL
San Gold Corpo. has released preliminary operating results for the second quarter of 2011. The Company is also announcing that it plans to report second quarter 2011 financial results before market open on Monday, August 15, 2011, and that senior management will host a conference call that day at 11:00 am Eastern Standard Time.
Second Quarter 2011 Operating Results
In the second quarter of 2011, the Company's Rice Lake, Hinge, and 007 mines (the "Rice Lake Project") produced a quarterly record of 20,055 ounces of gold at a cash operating cost that is expected to be below the Company's full-year guidance of $825 per ounce of gold sold. Year-to-date production of 34,743 ounces is consistent with the Company's full-year production forecast of 80,000 ounces.
Commenting on these results, George Pirie, President and Chief Executive Officer of San Gold, stated, "I am very pleased with this quarter's operating results as they demonstrate that we continue to execute on our plan of growing the production profile and lowering the cost profile of the Rice Lake Project. In addition, we continue our aggressive exploration program, which is designed to significantly grow our mineral resource base."
The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription.
