QMX Gold Corporation Reports Revenues of $30.89 for 2012

QMX Gold Corporation (TSX:QMX) announced operational and financial results for 2012.

As quoted in the press release:

In the twelve months ending December 31, 2012, QMX Gold sold a total of 19,564 ounces of gold generating $30.89 million in revenue for the Company. This aggregate revenue number is up from revenue of $15.54 million in the corresponding period of 2011 and represents a 99% increase. Positive revenue figures can be attributed to an increase in gold production from 10,268 ounces in 2011 to 20,112 ounces in 2012 and an increase in average recovery rates from 85.2% in 2011 to 89.7% in 2012. The average sale price was $1,661 per ounce of gold.

To view the whole press release, click here.