Veris Gold Corp. Reports Production Results at its Jerritt Canyon Gold Mine and Processing Facility in Elko County, Nevada for the Month and Second Quarter Ended June 2013; Provides Production Guidance for Fiscal 2013
During the second quarter the SSX Mine produced a total of 95,811 tons containing 14,174 ounces averaging 1,041 tons per day. The Smith Mine produced record tonnage during the quarter totaling 135,904 tons containing 19,066 ounces averaging 1,477 tons per day for the quarter. A slight reduction in grade was seen during part of the quarter as development work was completed. Ramp up at Starvation Canyon exceeded expectations with total production during the quarter of 45,869 tons containing 8,217 ounces averaging 498 tons per day with grades of 0.18 ounces per ton.
The company provided production guidance for the year 2013. The company continues to be focused on achieving the targeted production of 145,000 to 155,000 ounces for the year from its three existing underground mines. The results from this quarter, particularly May and June, show that this target is achievable and sustainable going forward.