Nevada Goldfields shows net profit

For the quarter ending March 5, Nevada Goldfields (TSE) reports net profits of $329,897 on sales of $3,869,873.

The company sold 8,441 oz gold and 17,581 oz silver from its Aurora and Kingston mines in Nevada during the quarter. The Aurora mine near Hawthorne was milling 233 tons per day to produce 3,097 oz gold at a recovery rate of 92.8%. At the company’s Kingston mine east of Reno, two additional leach tanks were added at the end of December to the mill circuit. This increased recovery to over 88%. The Kingston mine is a joint venture with New Beginnings (VSE).