CEO says the company is seeing steady progress in all facets of its operations.
Fire River Gold Corp. (TWX: V.FAU, Stock Forum) said gold production at its flagship Nixon Fork mine in Alaska rose 46% over the previous quarter.
Fire River President and CEO Blane Wilson said he is pleased to report that the mine produced 4,435 ounces in the quarter. He also said January production of 2,032 ounces far surpassed the previous monthly production record of 1,502 ounces set in February 2012.
“Our operating team continues to work diligently at removing bottlenecks and ramping up production,’’ he said in a press release,’’ he said in a press release. “We are seeing steady progress in all facets of our operations,’’ he said.
Fire River Gold shares closed unchanged at 4 cents on Wednesday, leaving the company with a market cap of $12.6 million, based on 316.2 million shares outstanding. The 52-week range is 21.5 cents and 4 cents.
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