Scorpio Gold Corporation Provides Operating Results for the First Quarter of 2016; Provides Production Guidance for the Year 2016
April 11, 2016 at 11:36 am
Scorpio Gold Corporation provided operating results for the first quarter of 2016. at its 70% owned Mineral Ridge project, located in Nevada. Gold and silver production in first quarter 2016 totaled 8,569 ounces and 3,921 ounces, respectively, representing 28% and 38% decreases over first quarter 2015. The decreased metal production in first quarter 2016 is attributed to slower leach pad recoveries while equipment was being relocated in order to utilize new areas of the pad for leaching.
For the year 2016, the company provided production forecast of 30,000 to 35,000 ounces of gold.