San Gold Corporation (SGRCF)

[NYBob]

San Gold Corp (SGR) funfiat$2.64 UP $0.17 +6.88%

Volume: 1,889,527 @ 4:00:00 PM ET Strong Demand
Bid Ask Day's Range
2.63 2.64 2.45 - 2.65
TSE:SGR Detailed Quote

SGR chart TA Alert bullish turnaround start

Today’s Candlestick Patterns: Long White Candlestick
Bullish Engulfing
Today a Long White Candlestick was formed
This shows that the prices advanced significantly from
open to close during the day under strong buying pressure

$GOLD Index chart LT TA bullish breakout start


San Gold 2011 Outlook:

Gold production of 80,000 oz (2,488 kg), starting
at 15,000 oz in Q1 and increasing to 25,000 oz in Q4

Increase in production to an average of 1,200 tons per day,
exiting the year at 1,400 tons per day and
cash cost approaching $650 per ounce.

Exploration expenditures in excess of $20 MM near surface
along Shoreline Basalt and at depth along projections
of existing zones.

Significant Capital Development planned to access new faces
at 007, 007 East, Cohiba, L10, and L13 zones


San Gold Corp says 2011 production to jump 84%

The Canadian gold firm says it also expects significant cost
reductions in the coming year as operations get closer
to efficiency
Posted: Monday , 28 Mar 2011
(Reuters) -

Canada's San Gold Corp expects an 84 percent jump in 2011 production
and said it sees "significant cost reductions in the coming year
as operations get closer to efficient levels of production."

The company, which mainly explores gold in the Bissett area of Manitoba
and produces from its underground mine in the Rice Lake area of Manitoba,
forecast 2011 production of 80,000 ounces.
In 2010, it produced 43,498 ounces of gold.

Cash costs in 2011 are budgeted to start the year at about
$1,060 per ounce and end the year approaching $650 per ounce,
the company said.
In 2010, overall cash cost was $1,105 per ounce.

The company reported revenue of $58.0 million in 2010,
compared with $27.8 million in the year ago.

(Reporting by Bhaswati Mukhopadhyay in Bangalore;
Editing by Jarshad Kakkrakandy)

http://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=123850&sn=Detail&pid=32


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61454823http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61454823

http://investorshub.advfn.com/boards/board.aspx?board_id=5396