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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (51924)11/2/2007 8:31:46 AM
From: loantech  Read Replies (1) | Respond to of 78426
 
Not making money not selling gold from new ore on the pads yet. This I did like in the WGI news:
"Western Goldfields continued to make excellent progress through the third quarter towards our goal of bringing the Mesquite Mine into full production in January 2008," reported Mr. Randall Oliphant, Chairman. "We continue to meet the milestones we have set. Everything is now in place to make Mesquite a successful producing mine and to establish a platform for the growth of Western Goldfields."

"Completion of the term loan facility for $105 million in May secured the financing for the project," continued Mr. Oliphant. "The equity financing in early October of $33.5 million provides us with additional financial flexibility as we seek out new investment opportunities."