Red Eagle Mining Corporation Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Cash Flows Guidance for the Second Quarter of 2017 and Production Guidance for the Year 2017 and 2018
The company provided cash flows guidance for the second quarter of 2017 and production guidance for the year 2017 and 2018. The company declared commercial production at the end of first quarter of 2017 and expects to advance to positive cash flows from operations in second quarter of 2017.
Production guidance is 35,000 to 40,000 ounces of gold for 2017 and 60,000 to 70,000 ounces of gold for 2018.