Rizal Resources Corporation announced production results for the month and earnings and production results for the quarter ended September 2017. For the month, the company announced total gold tons milled of 3,561.00 and total silver tons milled of 3,561.00.

For the quarter, the company announced production ramp-up continued during the September quarter with total gold produced (incl. gold in circuit GIC) up 69% on the June 2017 quarter at 585 oz. Gold sold totalled 373 oz - an increase of 8% on the June quarter. Silver sold for the quarter totalled 832 oz which was an increase on the June quarter of 80%. Total gold and silver revenue totalled CAD 587,456 for the quarter, while total operating costs were CAD 884,920 delivering an operating loss CAD 297,464 Mill throughput for the September quarter was 9,934 t, which was 55% of plant design output -mainly due to slower progress than planned in mine development and production. During the quarter, grade increased from a low of 1g/t to a high at the end of the quarter of 3.52 g/t. The increase in grade was due to the mine progressing from remnant material to opening up and accessing virgin areas of the mine. Mining will continue to develop the lower sections of the mine below all of the old workings.

For the quarter, the company delivered an operating loss of CAD 297,464.