Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

Scorpio Produces 10Koz of Gold


Scorpio Gold Corporation had operated results for the second quarterof 2016 at its 70% owned Mineral Ridge project, located in Nevada.Production at Mineral Ridge in Q2 of 2016 totaled 10,089 ounces of gold and 4,325 ounces of silver, representing increases of 16% and 20% respectively over Q2 2015 production levels.

The increased metal production is primarily attributed to higher crusher throughput, resulting in increased recoverable ounces placed on the heap leach pad and expected improvement in leach pad recoveries, as previously reported. Total gold production for the H1of 2016 now stands at 18,597 ounces, a decrease of 10% from H1 of 2015.

The Company  2016 production forecast remains unchanged at 30,000 to 35,000 ounces of gold. Peter J. Hawley, President&CEO, comments, "The Company is pleased to report another solid quarter of production at Mineral Ridge. We continue to focus on operational excellence while meeting our production forecast for 2016. The Company continues to evaluate ways to enhance the economics of the Mineral Ridge project without affecting safety and overall performance."