Scorpio Gold Revises Production Forecast for Mineral Ridge

Scorpio Gold Corp. (TSXV:SGN) released Q3 2015 operating results for its 70-percent-owned Mineral Ridge mine in Nevada.
As quoted in the press release:

Production at Mineral Ridge in Q3 2015 totalled 9,497 ounces of gold and 4,927 ounces of silver. Gold production for the first nine months of 2015 totals 30,187 ounces, representing a decrease of 1.2% over the same period in 2014.

Peter J. Hawley, president and CEO of Scorpio, commented:

Gold production at the Mineral Ridge operation for the first nine months of 2015 is comparable with the Company’s performance in the same period in 2014. An unexpected loss of one of the four mine production drills in early August 2015 resulted in a shortfall of budgeted mining production during Q3. This has been rectified with the recent addition of a new production drill and moving to a 24-hour per day drilling schedule to partly compensate for lost production. In addition, a backup production drill will be added to site within the coming weeks. Production in Q4 is expected to remain on target for scheduled mining performance.
Due to the shortfall in mining production in Q3 2015, the Company has revised its production forecast to 38,000 to 40,000 ounces of gold at Mineral Ridge in 2015.

Click here to read the full Scorpio Gold Corp. (TSXV:SGN) press release.