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Friday, 08/22/2014 12:43:26 PM

Friday, August 22, 2014 12:43:26 PM

Post# of 288
Q2 results are in!


Peter Hawley, CEO, comments, "Following another strong quarter at Mineral Ridge, the Company is well on track to meet its 2014 production forecast of 40,000 to 45,000 ounces gold at a cash cost of $800 to $850 per ounce of gold sold. Operational excellence remains the Company's key focus, and with the new carbon column tower coming on line as planned at the end of Q2, continued performance through the second half of 2014 is fully expected. We are very proud of our Mineral Ridge operations team, which continues to deliver solid results despite a lower average gold price."

Highlights for the Second Quarter Ended June 30, 2014:

9,034 ounces of gold produced compared to 10,769 ounces produced during Q2 of 2013. In late June 2014, an additional carbon column was installed which is expected to increase the rate of processing of pregnant leach solution and thereby bring down leach pad inventory and consequently increase gold production.



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if any readers have been looking for a place to start acquiring, this would be a low-risk entry level to consider.

This installation of a second carbon column is a BIG deal! :)