Capital Gold (TSX: CGC; OTC Bulletin Board: CGLD) Reports Increased Gold Production
Capital Gold (TSX: CGC; OTC Bulletin Board: CGLD) reported today that the Company has produced an increased amount of gold in December having produced approximately 4,200 ounces of gold in Sonora, Mexico. In addition, their cost to produce the gold is below the gold industry average. Capitol Gold’s current fiscal quarter will end January 31 and so far the average sale price has been $816 an ounce. This is up from last year of $711 per ounce for the same quarter. Currently, the company has produced 7,200 ounces for the fiscal quarter and their latest sale of gold was finalized…