Veris Gold Corp. (VG.TO), which hit a year low 55 cents
Thursday, provided a strategic outlook and general corporate
statement on the company's operations. The company said it is
currently focused on increasing cash from operations by focusing on
the following key strategic initiatives: enhancing the depth of the
existing management team expertise, both at executive and operating
levels; reviewing and updating existing mine plans and optimizing
the roaster facility in order to enhance throughput and improve
recoveries; source additional toll milling sources to enhance
operational flexibility and lower unit costs through additional
throughput; and restructuring existing debt facilities to lower
monthly interest charges and increasing cash flow by $2 to $5
million per month.
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