Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020
Mine Plan Sequencing from center pit to west pit During the quarter, mining operations transitioned from the centre pit into the west pit, where bulk disseminated stockworks dominate. This transition enabled higher tonnage mining rates and more favourable strip ratios that are expected to lead to lower costs and lower cut-off grades as compared to the narrow-vein mining previously conducted in the centre-pit. Cash Position The Company's cash position of $8.3 million at December 31, 2020 is expected to be augmented by the C$22.6 million financing announced by Northern Vertex and Eclipse Gol...
Source: prnewswire.com
