Gold Produced, Up, By Over 1,750 Ounces in Q2 at El Chanate
posted on
Feb 05, 2009 04:58AM
Capital produces 13,646 ounces Au in Q2 at El Chanate
2009-02-05 09:30 ET - News Release
Mr. Jeff Pritchard reports
CAPITAL GOLD CONTINUES RECORD PRODUCTION INCREASES
Capital Gold Corp. has produced 13,646 ounces of gold in the second fiscal quarter of 2009 (ended Jan. 31, 2009) at its El Chanate mine in Sonora, Mexico. This represents a 15-per-cent increase over the fiscal quarter ended Oct. 31, 2008, and a 39-per-cent increase over the same period in the prior fiscal year.
Gross proceeds from the quarter were approximately $11-million on 13,277 ounces of gold sold, with an average sale price of approximately $827 per ounce. This represents an increase of gross proceeds of 20 per cent over the fiscal quarter ended Oct. 31, 2008, and a 36-per-cent increase over the same period in the prior fiscal year.
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