FOR IMMEDIATE RELEASE March 28, 2011
2011 Outlook:
- Gold production of 80,000 oz (2,488 kg), starting at 15,000 oz in Q1 and increasing to 25,000 oz in Q4
- Increase in production to an average of 1,200 tons per day, exiting the year at 1,400 tons per day and cash cost approaching $650 per ounce.
- Exploration expenditures in excess of $20 MM near surface along Shoreline Basalt and at depth along projections of existing zones.
- Significant Capital Development planned to access new faces at 007, 007 East, Cohiba, L10, and L13 zones
The Company recognized revenue of $58.0 MM for the year
2011 Outlook:
- Gold production of 80,000 oz (2,488 kg), starting at 15,000 oz in Q1 and increasing to 25,000 oz in Q4
- Increase in production to an average of 1,200 tons per day, exiting the year at 1,400 tons per day and cash cost approaching $650 per ounce.
- Exploration expenditures in excess of $20 MM near surface along Shoreline Basalt and at depth along projections of existing zones.
- Significant Capital Development planned to access new faces at 007, 007 East, Cohiba, L10, and L13 zones
The Company recognized revenue of $58.0 MM for the year