Red Eagle Declares Commercial Production At San Ramon
Red Eagle Mining (TSX: R) reports that commercial production was declared at the San Ramon Gold Mine on March 31. The first gold had been poured back in November. The company says it expects to a positive cash flow from operations in the second quarter. Production guidance was put at 35,000 to 40,000 ounces of gold for 2017, then 60,000 to 70,000 ounces of gold for 2018. Meanwhile, exploration drilling is under way, testing the eastern extent of the San Ramon gold deposit and multiple targets approximately 3 kilometers west of the processing facility.