Agoracom: Small Cap Investment - Capital Gold - Produces 5,375 ounces gold in December

gold production and development

We expect to produce approximately 65,000 to 70,000 ounces of gold in fiscal year 2011. Sonora, Mexico

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Produces 5,375 ounces gold in December - best monthly production to date

posted on Jan 12, 2009 08:32AM

Capital Gold produces 5,375 ounces gold in December

Mr. Jeff Pritchard reports

CAPITAL GOLD ANNOUNCES RECORD GOLD PRODUCTION TOTALS FOR DECEMBER 2008

Capital Gold Corp. produced 5,375 ounces of gold in December at its El Chanate mine in Sonora, Mexico.

This represents the company's best monthly production to date, and surpasses the previous best monthly total of 4,750 ounces by 13 per cent.

Capital Gold's chief operating officer, John Brownlie, said: "This increased production is the result of careful planning and implementation of our production enhancement program that we initiated in mid-2008. The program will culminate with the installation of an additional crusher module, scheduled for late March. This will allow for further production increases."

All of the financing for the program's upgrades and additions has been provided through operational cash flow.