SMC Gold to lift gold production/NEW TENEMENT HOLDS MORE GOLD

摘要

SMC Gold Limited treatment plant is located 35 km east of Charters Towers, one of Queensland's historically rich gold provinces. The gold operation has good exploration potential, several new projects and excess milling capacity. Mr Rob Kidd, Managing Director of SMC Gold Limited, watches the spot price of gold daily and remains a committed optimist on price. 'SMC Gold can make money at the current gold price, but I would like to see spot prices rise over the 400 US dollars mark and return to the 800 US dollars levels experienced in the 1980s. There are some signs and reports that the price is headed in the right direction,' Mr Kidd said. 'Every movement above the current price provides additional revenue for exploration and for expansion of the operation.'