New Guinea Gold Recommences Mt Sinivit Mining and Processing; Shares Slightly Above Year Lows
New Guinea Gold Corporation (NGG.V) today announced that mining and processing at its Mt. Sinivit operation is set to recommence following a period of occupation by representatives of the Wild Dog Mining Area Landowner Association and Lulai Nakama Association.
Acting CEO Greg Heaney commented, "Whilst it is pleasing to have resolved the situation on site there remains a significant amount of work to do to re-establish cordial relations with the Landowners. NGG is committed to its social responsibility and will use all available resources to ensure a fruitful and cooperative working framework is in place for the mine's future."
Shares of NGG are now unchanged at 5 cents, trading just a cent above year lows. So far, 310 thousand shares have already changed hands.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.