Business
Veris Gold Corp. reports on production and toll milling for November
Toronto Stock Exchange: VG VANCOUVER , Dec. 30, 2013 /CNW/ - Veris Gold Corp. ("V...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"\n\n\nToronto Stock Exchange: VG\n\n\nVANCOUVER, Dec. 30, 2013 /CNW/ - Veris Gold Corp. (\"Veris\" or the \"Company\") (TSX: VG) (OTCQB: YNGFF)\n (Frankfurt Xetra Exchange: NG6A) is pleased to provide shareholders with a November toll milling and\n production update for the Company's three wholly-owned Jerritt Canyon\n gold mines and processing plant in Elko County, Nevada.  Jerritt Canyon\n is operated by Veris Gold USA Inc. (\"Veris USA\"), a wholly-owned\n subsidiary of the Company.\n\n\nOverall Operational Report\nDuring the month of November the plant processed 110,378 tons, averaging\n over 3,600 tons through the roasters per operating day resulting in the\n production of over 8,300 ounces of gold from Jerritt Canyon ore and\n over 3,400 ounces of gold from third party ore. The operations achieved\n an average recovery of 86% from Jerritt Canyon ore for the month,\n continuing to demonstrate significant improvements over recoveries\n achieved earlier in the year.\n\n\nMr. François Marland, President and CEO of Veris commented, \"I'm very pleased with our results this month, considering that we\n toll-milled third party ore for approximately 43% of the month of\n November.  This clearly demonstrates the continued optimization of the\n Company's assets and we look forward to updating our shareholders on\n further progress in the near future.\"\n\n\nGraham Dickson, COO, stated, \"November proved to be another productive and successful month for the\n Company.  All of the Department spending at the Jerritt Canyon\n operations is currently being reviewed in order to sustain lower cash\n costs.\"   \n\n\nMine Production\nIn November the SSX-Steer Mine produced over 23,000 tons containing an\n estimated 4,400 ounces of gold, averaging just over 760 tons per day.\n This is an increase of approximately 15% in tons produced compared to\n the 20,000 tons of production reported last month.   Management is\n committed to making the necessary adjustments to ensure that the mine\n returns to estimated targeted production of 1,000 tons per day at\n SSX-Steer.  To assist with the mine's production, the Company recently\n hired a Chief Mining Engineer to enhance the teams' skill set and\n purchased a second underground reverse circulation drill to assist with\n mine development.\n\n\nThe Smith Mine pr...