Veris Gold Corp. Reports Production Update for the Month of August and Year to Date of Fiscal 2013; Provides Production Guidance for the Fiscal Year 2013
In the third quarter to date, the SSX Mine produced a total of 40,980 tons containing 7,639 ounces of gold averaging 660 tons per day. The Smith Mine has produced 99,396 tons containing 16,867 ounces of gold averaging 1,603 tons per day so far for the quarter. At Starvation Canyon 28,424 tons were mined containing 7,190 ounces of gold for an average of 470 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 for the quarter to date.
The Company continues to be focused on achieving the targeted production of 145,000 ounces of gold for the year 2013 from its three existing underground mines.