Veris Gold (T.VG) commences annual maintenance shutdown at Jerritt Canyon

Gaalen Engen Gaalen Engen,
0 Comments| March 11, 2014

Veris Gold (TSX:VG, StockForum), a Vancouver-based mid-tier gold producer engaged in the development and operation of gold mines in geo-politically stable jurisdictions, announced today that the company's wholly-owned Jerritt Canyon mill located in Elko County Nevada will be shut down for its annual maintenance regimen.


According to the news release, the shut down will commence on March 11, 2014 and will be in conjunction with training and the installation of new monitoring points in order to prepare for the company's anticipated Class 1 Operating Permit.


The maintenance schedule is deemed a prudent normal-course-of-action and is done in order to ensure that roasters are operating optimally and throughout the remainder of the year, limiting unexpected downtime.


Jerritt Canyon's shutdown is expected to last three weeks, but the company will mine from its other three operating mines in the mean time.


Veris Gold was in the news recently when the company provided a year-end 2013 update and 2014 guidance.


Shares dipped 3.03% on the news to $0.48 per share.


Currently there are 154.4m outstanding shares with a market cap of $74.1 million.

Tags: GOLD

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