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Enter Symbol
or Name
USA
CA



Atna Resources Ltd
Symbol ATN
Shares Issued 189,922,144
Close 2014-02-04 C$ 0.165
Market Cap C$ 31,337,154
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Atna sells 37,080 ounces Au in 2013

2014-02-06 08:21 ET - News Release

Mr. James Hesketh reports

ATNA RESOURCES REPORTS 2013 PRODUCTION RESULTS

Atna Resources Ltd. is providing its operating results for 2013. Atna's gold sales totalled 37,080 ounces for the year, which includes 31,700 ounces sold from the Briggs mine and approximately 5,380 payable ounces from the sale of ores mined during development at the Pinson underground mine. The Briggs mine successfully reduced cash and all-in sustaining costs in response to the declining gold price. Production was lower than projected due to high waste stripping during the first half of the year and intermittent mechanical and productivity issues in the second half of the year. At the Pinson mine, declining gold price and a shortfall in working capital caused mine development to be halted prior to achieving sustainable commercial production. Mine dewatering and maintenance operations are continuing at Pinson.

"Two thousand thirteen was a challenging year for Atna. Our company has redoubled its efforts to improve all facets of operations at the Briggs mine and throughout the company. Atna's primary goal in 2014 is to improve productivity at the Briggs mine and to continue reducing production costs. Our 2014 gold production estimate at Briggs is 40,000 to 45,000 ounces based on the expectation of higher ore grades in the 2014 mine plan. Key development activities for 2014 include completing a prefeasibility study for the Mag open pit adjacent to the Pinson underground and modifying the underground mine plan at Pinson based on experience gained in 2013," stated James Hesketh, president and chief executive officer. Full-year production statistics for the Briggs mine are shown.

 

                   BRIGGS MINE PRODUCTION STATISTICS FOR 2013

                          First      Second       Third      Fourth       Total
                        quarter     quarter     quarter     quarter        2013

Waste tons            2,635,600   2,505,800   1,975,100   2,369,300   9,485,800
Ore tons                371,800     562,200     624,100     581,500   2,139,600
Total tons            3,007,400   3,068,000   2,599,200   2,950,800  11,625,400
Strip ratio
(waste/ore)                 7.1         4.5         3.2         4.1         4.4
Ore grade (oz/ton)        0.022       0.019       0.019       0.018       0.019
Contained gold
ounces mined              8,000      10,800      11,600      10,600      41,000
Gold ounces
recovered                 7,676       6,882       9,957       8,262      32,777
Gold ounces sold          7,700       6,800       9,100       8,100      31,700
Recoverable gold
ounces in inventory      15,100      17,300      17,300      18,100      18,100
Cash cost of
gold sales (per oz)      $1,098      $1,131        $986        $977      $1,042
All-in sustaining
cost (per oz)            $1,452      $1,409      $1,084      $1,109      $1,249

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