Northern Vertex Eyeing First Gold Pour in Fourth Quarter

Northern Vertex and its gold-silver Moss mine in the Oatman mining district of Arizona is looking to get its first gold pour in 2017, said Ken Berry, chief executive officer for the company. The former NHL professional hockey player, turned mining head said they are expecting the mine to produce 42,000 ounces of annual production and they are looking to scale it up from here. Speaking on the sidelines of the Mines and Money conference in New York, Berry said they are working with an all-in sustaining cost of $662 an ounce. “So even if the gold price pulls back to $1000 an ounce, we still have a 24% after tax return,” Berry said. (show less)

Northern Vertex and its gold-silver Moss mine in the Oatman mining district of Arizona is looking to get its first gold pour in 2017, said Ken Berry, chief executive officer for the company. The former NHL professional hockey player, turned mining head said they are expecting the mine to produce 42,000 ounces of annual production and they are looking to scale it up from here. Speaking on the sidelines of the Mines and Money conference in New York, Berry said they ... (read more)

Mines & Money - NYC

Mines & Money - NYC
For the first time in its 13-year history, Mines & Money is coming to New York and Kitco News will be on the frontlines of the event. From May 3-4, the Kitco News will be hosting multiple gold-centered panel discussions and interviewing some of the biggest names in the industry. Don't miss our exclusive coverage of this inaugural event!

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