American Bonanza Purchases Mining Equipment in Move to Become Owner-Miner

American Bonanza Gold Corp. (TSX:BZA,OTCQX:ABGFF) announced that it has purchased a mining fleet for the transition to owner-mining at its Copperstone gold mine in Arizona.

As quoted in the press release:

The mining equipment purchased includes drill jumbos, loader-hauler-dumpers, exploration and production drills, ore haul trucks, a rock bolter and other specialized underground mining equipment. Some of the mining equipment has already arrived at the Copperstone gold mine site with a significant number of items scheduled to be delivered by the end of this week, and the remainder of the mining fleet on schedule to be delivered to the mine site by the end of this month. This purchase of the mining fleet represents a major step forward in Bonanza’s transition from contract mining to owner-mining. Bonanza anticipates a smooth transition to owner-mining and resulting improvements in the mining production rate and reduced costs associated with mining. Copperstone remains on track for a fourth quarter, 2011, mine and mill startup process, with the goal of achieving full production rates by the end of the year.

Click here to read the American Bonanza (TSX:BZA,OTCQX:ABGFF) press release. 

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