Scorpio Gold Corporation (TSXV:SGN) President, Steve Roebuck, talks about the Company’s exceptional 2013 and an increase in production by 22% at the Mineral Ridge Operation in Nevada.
Scorpio Gold Corporation (TSXV:SGN) President, Steve Roebuck, spoke to Resource Investing News at the Vancouver Resource Investment Conference about the Company’s exceptional 2013. On its second year of commercial production at the Mineral Ridge Operation in Nevada, there was an increase in production by 22% – from 32 thousand ounces to 39 thousand ounces produced. In 2014, catalysts to watch out for are an update to the life of mine, adding more years of production, and taking a closer look at the Goldwedge property.
Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and is currently entitled to receive 80% of cash flow generated. Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property and processing facility in Manhattan, Nevada, and the advanced exploration-stage Pinon gold property near Carlin, Nevada. The Company is assessing its exploration plans for these properties as well as the potential for toll milling at the Goldwedge plant, which is currently permitted for 400 tons per day.