Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Something Big, Bad And Ugly Is Taking Place In The U.S. Retirement Market
By: Steve St. Angelo, SRSrocco Report

Reconciling the Us Dollar Outlook with the Super Bullish Gold and Silver Cots...
By: Clive Maund

Bank Deregulation Back in Vogue: It’s time to dance the last fandango!
By: David Haggith

Mr. Trump: You May Not Want To Take Credit For The Stock Market Just Yet
By: Avi Gilburt

The Economic Collapse Began Long Ago
By: Gerold , The Burning Platform

The US Dollar - Looking For a Bounce
By: Mike Golembesky

Why Surging UK Household Debt Will Cause The Next Crisis
By: Mark O'Byrne, GoldCore

Trader Lanci says there's no 'fat finger' but plenty of market manipulation
By: Chris Powell, GATA

Ira Epstein's Precious Metals Video July-26-2017
By: Ira Epstein

Last Week’s Rally in Gold Stocks Erased
By: Przemyslaw Radomski, CFA

 
Search

GoldSeek Web

 
Northern Vertex Reports Q4 Production on Schedule and on Budget at Moss Mine

 -- Published: Friday, 23 June 2017 | Print  | Disqus 

By Resource Review

 

Vancouver, B.C. – 2017 is shaping up to be a milestone year for Northern Vertex and its Moss Mine Gold/Silver project located near Bullhead City, Arizona. The Company announced that it has executed a series of key construction contracts that will allow it to meet its objective of proceeding to commercial gold production by Q4 2017.

 

After receiving its final State mine permits in April 2017, Northern Vertex ramped up the development of the project, which included the completion of the site civil works for the main facility, crusher pad and ancillary roads. The new construction contracts will include the delivery and installation of the mine’s main crushing plant, diesel power station, heap leach pond liners and completion of refinery facilities.

 

These advancements, combined with a recently announced $20m equity financing to meet its capital requirements to fund the Moss Mine to fruition, has put Northern Vertex on-track to reach its ultimate goal of pouring gold in 2017.

 

The new open-pit, heap leach operation is slated to produce 42,000 ounces of gold equivalent production annually, and features a Phase III mine expansion program that is expected to support profitable production through 2022 and beyond.

 

The Moss Mine project has a capital cost estimated at US$33m, and is supported by robust economics, with an all-in sustaining costs of US$662/oz gold and an after-tax IRR of 48% (based on $1,250/oz gold and $20/oz silver).   

 

Northern Vertex also recently announced an updated mine optimization plan for Moss, which will result in improved infrastructure and profits from the sale of waste rock. It is also expected to boost the mine’s after-tax IRR from its current 48%, while providing over $16 million in operational savings over a five year period.

 

Once in production, the Moss mine is expected employ a workforce of over 100 people from the local surrounding Mohave County region in NW Arizona.

 

Legal Notice / Disclaimer: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. GoldSeek.com, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; GoldSeek.com makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of GoldSeek.com only and are subject to change without notice. GoldSeek.com assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

Additional Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Authors have taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond our control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The companies mentioned herein may be sponsor of GoldSeek.com. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

Legal Notice / Disclaimer: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. GoldSeek.com, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; GoldSeek.com makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of GoldSeek.com only and are subject to change without notice. GoldSeek.com assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

Additional Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Authors have taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond our control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The companies mentioned herein may be sponsor of GoldSeek.com. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

 


| Digg This Article
 -- Published: Friday, 23 June 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus







 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.