The Benton Mine is IN PRODUCTION. The Gold Bug Mine is ready to come on line. They are both U.S. mines in southern Oregon. The mill — which DGRI owns — is within driving distance of both mines and can handle the production from both. DGRI understands the cost to mine and mill. These costs are in place and analyzable at this point.
DGRI is a low cost producer of GOLD. DGRI estimates that every time gold prices increase seven percent their EBIDTA will increase twenty-five percent.
DGRI knows what it is looking at for the Benton Mine. No more mystery here. They have been in production since March and the news is GOOD and BETTER. The production is solid and ore is being trucked to the mill. Revenue is in place and additional veins have been discovered.
THE BIG NEWS IS DGRI owns its cash flow and does NOT see a need to borrow cash for acquisitions.
The capacity of the mill is currently 330 tons a day with the ability to reach 430 tons a day which will handle both mine’s production.
Dutch Gold Resources published reserves can be reviewed here in their most recent SEC Filings.
Benton Mine
Source: Dutch Gold Resources
Dutch Gold Resources, Inc. 3500 Lenox Road
Suite 1500
Atlanta, GA 30326
Phone: (404) 419-2440
Email: info@dutchgoldresources.com
Website: www.dutchgoldresources.com
Investor Relations: David K. Waldman / Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
About Dutch Gold Resources, Inc.: In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company’s strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Please visit the Company’s website for additional information at: www.dutchgoldresources.com.
Certain statements in this release, and other written or oral statements made by the company, including the use of the words “expect,” “anticipate,” “estimate,” “project,” “forecast,” “outlook,” “target,” “objective,” “plan,” “goal,” “pursue,” “on track,” and similar expressions, are “forward-looking statements” and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.
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