Through its wholly-owned subsidiary Omagh Minerals Ltd., Galantas Gold Corp. has produced an estimated 434.4 wet tonnes (405.7 dry tonnes) of concentrate, which is expected to yield 1,371.6 ounces of gold, 3,695.1 ounces of silver and 50.19 tonnes of lead. Production of dry concentrate was up 21.7%, and figures indicate better yields per tonne this last quarter. The rest of the news release, which also specifies that the above figures are provisional, explains operational developments at the mine.
Galantas has not traded so far today. Its last close was on March 4th, when it reached 6 cents. Current bid - ask is 4.5 - 5.5 cents.
Galantas' Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Thursday, March 12, 2009
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