Officials at Veris Gold Corp. announced that Veris Gold USA Ltd. has entered into an ore toll milling agreement with Atna Resources Inc., a subsidiary of Atna Resources Ltd. The deal will allow for the processing of ore from the Pinson mine at the Jerritt Canyon Mill located in Elko County, Nev. The Jerritt Canyon Mill is operated by Veris Gold USA, a wholly-owned subsidiary of Veris Gold Corp.
“This agreement is a win-win situation with our gold producing neighbor in Nevada,” said Veris co-CEO Randy Reichert. “Processing third party ores makes excellent use of the upcoming excess capacity at the Jerritt Canyon Mill.”
The processing agreement with Atna Resources has a one-year term under which ore from the Pinson mine, located nearby in Humboldt County, Nev., will be delivered to Jerritt Canyon. Atna will pay Veris a toll milling fee to be adjusted on a quarterly basis reflecting input cost changes.
Veris is currently evaluating other ores and concentrates to determine which are best suited to being processed with the company’s surplus processing capabilities.
Veris Gold is a growing mid-tier North American gold producer that develops and operates gold mines in stable jurisdictions; its primary asset is the operating Jerritt Canyon gold mine located 50 miles north of Elko, Nev. In Canada, Veris also has a portfolio of precious metals properties in British Columbia and Yukon Territory.