Crocodile announces maiden gold pour
TSX-listed Crocodile Gold Corp has poured the first gold at its Union Reefs mill, in Australia's Northern Territory, the firm reported on Tuesday.
Crocodile Gold is mining from the Chinese South pit and the Brocks Creek underground mine and plans to increase mining rates at the two operations to 130 000 t/m and 10 000 t/m respectively by early in the New Year.
“Our first gold pour marks a significant milestone for Crocodile Gold, and we thank our hardworking operations team for achieving this milestone successfully before year end,” COO Grant Davey said in a statement.
Shares in the company rose 1,06% on Tuesday, to C$1,91 apiece by 12:27 in Toronto