San Gold Corporation (SGRCF)

[goldenpolarbear]

"...San Gold to add Kerr Mines to portfolio
By: Henry Lazenby

TORONTO (miningweekly.com) – Canadian gold producer San Gold this week signed a nonbinding letter of intent to buy TSX-listed Kerr Mines in an all-scrip deal that would see San Gold take control of the Copperstone gold mine, in Arizona.

San Gold president and VP of finance Gestur Kristjansson on Monday said the merger reflected the company’s new strategy of operating multiple, efficient high-grade gold mines that were located in mining-friendly jurisdictions.

“Our operating principles of strict grade control, better cost control, lower overheads and operating the mines at the optimum mining rate to properly match the geometry of the orebodies are paying off at Rice Lake and will be applied to other projects, most notably at the Copperstone gold mine in Arizona,” he noted...."

http://m.miningweekly.com/article/san-gold-to-add-kerr-mines-to-portfolio-2014-07-23