Quadra Reports 2007 4Th Quarter And Annual Production Results
VANCOUVER - Quadra Mining Ltd. reported 2007 fourth quarter and annual production results from its 100% owned Robinson Mine located in Ely, Nevada.
In the fourth quarter 2007 copper production was 32.4 million pounds and gold production was 27,048 ounces. Copper production for the year totalled approximately 132 million pounds exceeding Quadra's 2007 guidance of 125 million pounds by approximately 6%. Gold production for the year totalled 108,119 ounces exceeding Quadra's 2007 guidance of 90,000 ounces by approximately 20%.
Paul Blythe, President & CEO of Quadra said, "We are very pleased with the quarterly and annual results from Robinson where we were able to deliver our best annual production numbers since we recommenced operations in 2004. The recovery levels during the fourth quarter were variable as we mined in both supergene and hypogene ore. While the variability of the deposit is widely known, we continue to demonstrate a confident understanding of the ore body and a proven ability to manage it."
"As previously announced, we expect copper and gold production in 2008 to be substantially in line with 2007 with approximately 130 million pounds of copper and 100,000 ounces of gold expected to be produced from Robinson."
The company's address is Suite 2000, 1177 West Hastings Street, Vancouver, BC V6E 2K3, 604-689-8550, fax: 604-689-8556.