Jerritt Canyon Set for Output Hike in '12

Yukon-Nevada Gold Corp. expects increased production from its Jerritt Canyon project next year, the Vancouver-based company said Friday.

Milling activity at the project, which is about 50 miles north of Elko, Nev., is expected to resume in mid-January with a throughput rate of 150,000 ounces.

Yukon-Nevada also said it expects its SSX underground mine, which is part of its Jerritt Canyon project and was restarted in October, to increase ore output to 1,200 tons per day from the current 300 tons per day.

The company did not give a timetable for the increased production but is deploying more equipment and resources for SSX operations.

Thirdly, Yukon-Nevada obtained permitting to develop the Starvation Canyon underground mine, also part of the Jerritt Canyon project, beginning in mid-2012.

Starvation Canyon will be capable of delivering up to 600 tons of ore per day, the company said.