Mr. James Hesketh reports
ATNA'S BRIGGS MINE REPORTS STRONG THIRD QUARTER PRODUCTION RESULTS
Atna Resources Ltd.'s recovered gold production at its Briggs mine in Inyo county, California, showed a 45-per-cent increase in the third quarter of 2013 over second-quarter results. Gold production increased due to the completion of a major waste stripping program in May, which allowed access to a strong ore supply in June and subsequent months. Costs also showed a significant improvement, declining by 13 per cent from the second quarter. This reduction was partially due to the significant increase in ounces produced and partially due to a program of productivity improvement and cost reduction at the mine.
PRODUCTION RESULTS FOR THE THIRD QUARTER AS COMPARED
WITH THE SECOND QUARTER 2013
Q3 2013 Q2 2013
Ore tons 624,110 562,205
Grade (oz/ton) 0.019 0.019
Contained ounces mined 11,640 10,800
Waste tons 1,975,071 2,505,800
Total tons mined 2,599,181 3,068,005
Strip ratio (waste/ore) 3.2 4.5
Dry tons crushed 652,332 528,993
Grade (oz/ton) 0.019 0.020
Contained ounces placed 12,258 10,343
Gold ounces recovered 9,957 6,883
Gold ounces sold 9,143 6,775
Cash cost per ounce* $986 $1,131
* Includes net changes in production stripping and inventory
"These results put Briggs on track to achieve its stated target of 35,000 to 40,000 ounces of production for 2013. Our team at Briggs is demonstrating their ability to reduce costs and improve production to meet the challenges of a volatile gold market environment," states James Hesketh, president and chief executive officer.
We seek Safe Harbor.
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