This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

VERIS GOLD CORP. Celebrates 8 Million Ounces Of Gold Production From The Jerritt Canyon Processing Plant

Toronto Stock Exchange: VG

VANCOUVER, April 25, 2013 /PRNewswire/ - Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce that the 8 millionth ounce of gold was produced from the Jerritt Canyon processing plant in Nevada on March 21, 2013.  The long-lived gold mining operations at Jerritt Canyon make it part of only a few leading gold production properties in Nevada.

In the early operating years from 1983 to 2006, the Jerritt Canyon processing plant consistently produced over 200,000 oz of gold per year.  Recent upgrades to the processing plant by Veris Gold Corp. (the "Company" or "Veris") and the startup of two new underground mines (Starvation Canyon and Saval 4) will enable the Company to target production of at least 175,000 oz of gold in 2013.  Production will come from SSX-Steer and Smith, the two new underground mines, and from third party ores based on recently finalized toll milling agreements.

The first ounce of gold was produced on July 4, 1981 when Freeport-McMoRan and FMC Corp. owned and operated the Bell open pit mine.  Mining at Jerritt Canyon has continued since 1981 with underground mines providing most of the ores since 2000 under several other company operators.  AngloGold operated the Jerritt Canyon mine from 1998 to 2003.

Veris is proud of achieving the 8 million ounce production milestone at Jerritt Canyon and will continue to provide employment opportunities to people in the region.  The Company recently returned the mine to profitability in the third quarter of 2012 and plans to continue the successful mining operations into the foreseeable future.  Mining at the new Starvation Canyon Mine commenced in early April and is targeting 600 tons of ore production per day.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs