Business
Veris Gold Corp. reports results for third quarter of 2013
Toronto Stock Exchange: VG No: 48 Shares Outstanding: 139,073,869 Fully Diluted:...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"\n\n\nToronto Stock Exchange: VG\nNo: 48\n\n\nShares Outstanding: 139,073,869\nFully Diluted: 181,701,371\n\n\nVANCOUVER, Nov. 14, 2013 /CNW/ - Veris Gold Corp. (TSX: VG) (OCTQB: YNGFF) (Frankfurt Xetra Exchange:\n NG6A) (\"Veris Gold\" or the \"Company\") has released its unaudited interim\n financial and operational results for the third quarter ended September\n 30, 2013 (\"Q3-2013\") on November 14, 2013. The Q3-2013 results can be\n found in the Company's condensed consolidated interim financial\n statements, including the notes thereto, and the related Management's\n Discussion and Analysis filed on SEDAR.  On November 13, 2013 the\n Company also filed on SEDAR amended condensed consolidated interim\n financial statements of the second quarter ended June 30, 2013, along\n with a related amended second quarter Management's Discussion and\n Analysis.\n\n\nA conference call to discuss the Q3-2013 financial and operational\n highlights has been scheduled for Friday, November 15, 2013 at 8:00 am\n Pacific Daylight Time (11:00 am Eastern Daylight Time).  Details of the\n call 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 Q3-2013 include:\n\n\n\nQ3-2013 represents a significant milestone for the Jerritt Canyon\n operations with a full quarter of production for the new higher grade\n Starvation Canyon Gold Mine, the commencement of operations of the\n second tailings facility (\"TSF2\"), a double-lined facility along with\n two water storage reservoirs, and the successful processing of third\n party ores;\n\n\n\n\nDuring Q3-2013 the Jerritt Canyon operations sold 42,760 ounces,\n resulting in $57 million of gold sales revenue, a 6,170 increase in\n ounces sold or $12.1 million of additional gold sales revenues compared\n with the second quarter of 2013;\n\n\n\n\nThe Company earned $3.3 million of toll milling revenue during Q3-2013\n from the processing of approximately 57,613 tons of third party ore,\n primarily from Newmont Mining, through the Jerritt Canyon Facilities;\n\n\n\n\nThe operations produced 37,544 payable ounces of gold, 6% higher than\n the third quarter of 2012 (\"Q3-2012\"), and comparable t...