Veris Gold Corp. Provides Strategic Outlook and Corporate Overview; Hit Fresh Yr Lows Thursday

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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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This article appears in: Investing , Commodities

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