Veris Gold Corp. delivers record production for second quarter of 2013

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"\n\n\nToronto Stock Exchange: VG\n\n\nVANCOUVER, Aug. 15, 2013 /CNW/ - Veris Gold Corp. (TSX: VG) (OCTQB: YNGFF) (Frankfurt Xetra Exchange:\n NG6A) (\"Veris Gold\" or the \"Company\") announced its unaudited interim\n financial and operational results for the second quarter ended June 30,\n 2013 on August 15, 2013. This information should be read in conjunction\n with the Company's condensed consolidated interim financial statements,\n including the notes thereto, and the related Management's Discussion\n and Analysis.\n\n\nA conference call to discuss the financial and operational highlights\n has been scheduled for Tuesday, August 20, 2013 at 8:00 am Pacific\n Daylight Time (11:00 am Eastern Daylight Time).  Details of the call\n may be found on the Veris Gold website.\n\n\nAll material information can be found on the Company's website at www.verisgold.com or on www.sedar.com.\n\n\nAll dollar amounts are expressed in United States Dollars unless\n otherwise specified.\n\n\nHighlights for the three-month period ended June 30, 2013 (\"Q2-2013\")\n include:\n\n\n\nJerritt Canyon Operations produced 38,018 payable ounces of gold,\n representing a 51% increase compared to Q2-2012, and a 25% increase\n compared to Q1-2013, reflecting the impact of increasing production\n levels at Starvation Canyon;\n\n\nThe Company realized net income of $9.4 million compared to a net loss\n of $8.3 million incurred in Q2-2013;\n\n\nRevenue from gold sales in Q2-2013 was $44.9 million representing a 23%\n increase compared to the $36.4 million earned in Q2-2012, attributable\n to increased gold production.  Q2-2013 gold sales were comparable to\n $45.4 earned in Q1-2013 despite the gold price per ounce sold\n decreasing 14%;\n\n\nThe Company earned $1.7 million of toll milling revenue during Q2-2013\n for the processing of 12,915 tons of third party ore;\n\n\nQ2-2013 cash costs per ounce sold were $1,066,  a significant\n improvement from Q2-2012 cash costs per ounce sold of $1,642, and\n Q1-2013 cash costs per ounce sold of $1,509; \n\n\nDevelopment on the Company's wholly owned Starvation Canyon Gold Mine\n (\"Starvation\") was completed in early April 2013 and ramped up to its\n targeted 600 tons per day by June 2013; contributing 47,390 tons of ore\n containing an estimated 8,630 ounces of gold for the quarter;\n\n\nJerritt Canyo...

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