Veris Gold Corp. Reports Production Update for the Month of September and Year to Date of Fiscal 2013; Provides Production Guidance for the Fiscal Year 2013
In the third quarter to date, the SSX-Steer Mine produced a total of 77,776 tons containing 11,885 ounces of gold, averaging 845 tons per day. The Smith Mine has produced 141,369 tons containing 22,518 ounces of gold averaging 1,537 tons per day for the quarter. At Starvation Canyon a total of 56,680 tons were mined containing 12,234 ounces of gold for an average of 616 tons per day. An improvement in grade has been seen at all of the operating mines with mine grades averaging approximately 0.17 ounce per ton (5.8 grams per ton) for the quarter to date.
The company continues to achieve the targeted production of 145,000 ounces of gold for the year 2013 from its three existing underground mines. The company is also developing a targeted drill program for 2014 with the focus on increasing Jerritt Canyon production tonnage.