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Thursday
Jul192007
High River Gold: Pours its first Gold
Thursday, July 19, 2007 at 02:25PM
High River Gold Mines Limited has announced that it has poured its first gold in Burkina Faso, reviving commercial gold mining in this tiny West African country after an eight year stoppage.
This is only the first pour, however the company expects to be pouring commercially by August this year. This is terrific news for investors and a much needed economic shot in the arm for such a poor country.
David Mosher, president and CEO in an interview with Reuters said: "We've outlined a resource of 1.3 million ounces, and we've had additional exploration success since, A realistic objective over the next 2-3 years would be to get 5 million ounces or more."
The shares were up 9 cents yesterday and have started well today, up 3 cents as we write.
High River Gold Mines Limited trades on the Toronto Exchange as HRG.
This is only the first pour, however the company expects to be pouring commercially by August this year. This is terrific news for investors and a much needed economic shot in the arm for such a poor country.
David Mosher, president and CEO in an interview with Reuters said: "We've outlined a resource of 1.3 million ounces, and we've had additional exploration success since, A realistic objective over the next 2-3 years would be to get 5 million ounces or more."
The shares were up 9 cents yesterday and have started well today, up 3 cents as we write.
High River Gold Mines Limited trades on the Toronto Exchange as HRG.
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