San Gold Corporation announced preliminary results of operations at its Rice Lake Mining Complex in Manitoba, Canada for the quarter ended March 31, 2013. San Gold produced 17,354 ounces of gold in the first quarter. The operation mined 143,859 tons of ore at an average daily rate of 1,598 tons per day and milled 156,013 tons in the quarter at an average daily throughput of 1,733 tons per day, similar rates to the first quarter of 2012. Mill recovery was 91.9% and milled grade was 4.15 grams per tonne.

The company expects to produce between 75,000 and 90,000 ounces of gold in 2013 with cash costs between $800 and $900. The company is also announced that it has received formal notice from the Manitoba government confirming the renewal of its mineral operating lease, ML-063, for a second 21-year term from April 1, 2013 to April 1, 2034.