Jun 27 2015
Mining Global, Inc. announced today that it has released production results in Ghana and Revenues are Imminent. In its recent production efforts in Kumasi, Ghana, the company recovered 300 grams of high purity gold from 500 tons of material processed.
"These production results demonstrate that we now have a viable mine that will give us a good source of revenue for the next several years," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "We will be shipping the gold to the United States in the coming days to refine and sell it for immediate revenues to the company."
The Company has stock piled over 5,000 tons of ore in Kumasi, Ghana, and over 25 acres of material still to mine. If the Kumasi results remain consistent, the Company will forecast its revenues by assuming that for every 500 tons of ore processed, it will recover 300 grams of high purity gold. With 5,000 tons available, this correlates to 3,000 grams, or 96.45 troy ounces. If gold remains near $1,100 per troy ounce, the Company will generate somewhere near $106,097 of revenues, from its first two pits. The Company expects to begin depositing these revenues in early July.
Source: http://miningglobalinc.com/