Business
Veris Gold Corp. produces 14,922 ounces in June
Toronto Stock Exchange: VG VANCOUVER , July 8, 2013 /CNW/ - Veris Gold Corp. ("...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"\n\n\nToronto Stock Exchange: VG\n\n\nVANCOUVER, July 8, 2013 /CNW/ - Veris Gold Corp. (\"Veris\" or the \"Company\") (TSX: VG) (OTCQB: YNGFF)\n (Frankfurt Xetra Exchange: NG6A) is pleased to provide an additional mid-quarter update regarding\n production improvements at its wholly-owned Jerritt Canyon gold mine\n and processing facility in Elko County, Nevada.  Jerritt Canyon is\n operated by Veris Gold USA Ltd., (\"Veris USA\"), a wholly-owned\n subsidiary of the Company.\n\n\nOverall Operational Report\nFor the month of June the plant averaged over 3,777 tons per day\n producing 14,922 ounces (including approximately 1,195 ounces from\n Newmont Mining toll milling), with an average recovery of 87%, a\n significant improvement over the recoveries achieved earlier in the\n year.\n\n\nR. Llee Chapman, President and CEO of Veris Gold commented, \"Our team at Jerritt Canyon delivered an excellent month in June:  We\n had no accidents, we mined over 91,000 tons from our three underground\n mines; a new record for the property, and we also had a great tonnage\n run from our high-grade mine, Starvation Canyon, where over 28,000 tons\n were delivered to the mill.  In the plant we processed over 113,000\n tons during the month and achieved approximately 87% recovery which is\n our 2013 goal.  All of this resulted in 14,922 ounces of gold\n production for June of which an estimated 1,195 gold ounces\n are attributed to toll milling for Newmont.\"\n\n\nMr. Chapman further commented, \"I want our investors and shareholders to understand that while our\n share price has faced significant headwinds in this difficult gold\n market, the first step in the ongoing process of turning our company\n around is to ensure that the Jerritt Canyon assets are productive and\n efficient.  Our team is one of the very best in the business and you\n can see by these recent results the Jerritt Canyon property continues\n to improve because of their sustained efforts.  We look forward to\n delivering and reporting on more of this tremendous 'can-do'\n attitude to our shareholders in the near term.\"\n\n\nFrancois Marland, Executive Chairman, stated, \"These results provide confirmation that the team the Board has put in\n place and the changes made to senior ma...