The Stirling Mine in Nevada produced some 5,906 oz of gold druing the first six months of 1988, but 52%-owner Cathedral Gold Corp. (TSE) says it has reduced the 1988 production estimates downward from 11,000 oz to 8,400 oz. The company said it encountered harder than expected rock conditions which slowed down waste stripping operations at the Burro North open pit.
The company planned to collar a new decline designed to improve access to the south end of the mine, but this was deferred three months following a decision to carry out additional exploratory drilling in the area of the decline and in close proximity to a recently discovered ore extension.
For the first six months of 1988, Cathedral Gold earned $475,000 or 11 cents a share on revenues of $1,763,000.
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