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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Re: Q1 Financials - some snippets
1
May 12, 2014 01:52PM

May 12, 2014 05:23PM

May 12, 2014 06:13PM

May 13, 2014 09:43AM

We understand the urgency to become profitable and we are aggressively pursuing a number of strategies to achieve this.

As a result of the changes initiated by the technical review committee during the subsequent period, the Company anticipates that grade will improve substantially as the year progresses.

The decrease in tonnage relative to the prior period was due to short-term challenges related to the transition from mechanical cut and fill to long-hole mining as the Company's primary mining method and the implementation of new grade control initiatives.

The Company is encouraged by the preliminary results generated by the technical committee to date as it builds on the efficiencies achieved in 2013 and determines the necessary steps to profitability. This process is ongoing with additional efficiencies expected through the remainder of the second quarter.

2
May 13, 2014 03:50PM
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