VANCOUVER, Aug. 14 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) has released results for the
three and six months ended June 30, 2009. All amounts in this news release are
in United States dollars, unless otherwise stated.
For the three and six months ended June 30, 2009, the Company reported a
net loss of $7.7 million and $12.9 million, respectively, due to the limited
number of operating days during the period and operational issues with the
mill operator in place during that time. Although the Company resumed
operations on March 25, 2009 with the approval of the Nevada Division of
Environmental Protection (NDEP), the Company shutdown again at the end of May
as delays in the construction and delivery of key components for the mercury
emissions control system resulted in missing the May 30 deadline set with the
NDEP for having the system installed. The Company is continuing to work with
the NDEP and the State Attorney General to receive approval to return to full
In the second quarter at Ketza River in the Yukon, the Company focused on
compiling data from the 2008 year and completing core sampling. Many new drill
targets are being identified in preparation for future exploration and
additional geophysical work is being carried out in the area.
Details of the Company's financial results are described in the unaudited
consolidated financial statements, and management's discussion and analysis,
which will be available on the Company's website, www.yukon-nevadagold.com and
on SEDAR, www.sedar.com.
Yukon-Nevada Gold Corp. is a North American gold producer in the business
of discovering, developing and operating gold deposits. The Company holds a
diverse portfolio of gold, silver, zinc and copper properties in the Yukon
Territory and British Columbia in Canada and in Arizona and Nevada in the
United States. The Company's focus has been on the acquisition and development
of late stage development and operating properties with gold as the primary
target. Continued growth will occur by increasing or initiating production
from the Company's existing properties.
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adequacy or accuracy of this release.
WARNING: The Company relies upon litigation protection for
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
For further information:
For further information: Yukon-Nevada Gold Corp., Nicole Sanches,
Investor Relations Manager, Tel: (604) 688-9427, Email: email@example.com,
www.yukon-nevadagold.com; CHF Investor Relations, Jeanny So, Director of
Operations, Tel: (416) 868-1079 ext. 250, Email: firstname.lastname@example.org,