Yukon-Nevada Gold Corp said its quarterly loss narrowed as it gained from warrants.
The company, which recorded an $8.5 million gain in warrants recorded as derivative liabilities, narrowed its third-quarter net loss to $18 million from $103.8 million a year ago.
The company — which owns silver, gold, zinc and copper assets in Canada’s Yukon territory and British Columbia, and in Nevada in the United States — increased quarterly production to 21,296 ounces of gold from 18,636 ounces a year ago.
Yukon sold 18,035 ounces of gold at an average gold price of $1,670 per ounce.
Shares of the company closed at 36.5 Canadian cents on Friday on the Toronto Stock Exchange. – Reuters
on November 8, 2011. Filed under Precious metals.
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