San Gold Corporation (TSX:SGR) announced the record overall production of more than 28,000 ounces of gold during the last quarter, despite a four week interruption in mill operations.
As quoted in the press release:
The Company milled 116,546 tons in the quarter despite a four-week interruption to milling operations during the month of June. The Company set a daily average milling record of 2,032 tons per day in May. Grade was 5.70 grams per tonne for the quarter, slightly above the previous quarter. Recovery improved to 94.1% for the quarter. The mill resumed normal operations on schedule on July 1.
George Pirie,San Gold President and CEO commented:
We are extremely pleased with the progress being made as we continue to increase production volumes in Rice Lake. We continue to acquire new, low-cost ounces and expose our shareholders to significant exploration upside in very favourable geologic belts within underexplored jurisdictions in Canada. We are very disappointed in the market’s recent performance but remain confident that simply doing the right things right, investing wisely and remaining debt free, will deliver long-term shareholder value. We have an excellent team at all levels focused on the long-term generation of shareholder wealth.