ENP Newswire -
Release date- 12082014 -
Management's discussion and analysis of the Company's financial condition and results of operations are described in the Form 10-Q, which will be available on the Company's website at www.goldenqueen.com on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Amounts are shown in U.S. dollars.
In the second quarter of 2014,
Announced a proposed joint venture transaction with
Completed the construction of the workshop-warehouse on budget;
Completed site grading and site preparation of the area where the crushing-screening plant will be built and
Further advanced detailed engineering work
During the second quarter ended
The Company had
The Company incurred general and administrative expenses of
The Company capitalized development costs of
Shareholders are reminded that the Company has no revenues from mining operations as its gold and silver Project is not yet in production.
Financial results discussed in this news release for the quarters ended
Construction of the
Confirmed an order for a high-pressure grinding roll with
Construction of the assay laboratory building;
Construction of the Phase 1 water supply;
Detailed engineering of the conveying and stacking system;
Site grading where the Merrill-Crowe plant will be constructed;
Test program to determine the parameters for the clay-tailings mix that will be used to construct the lower liner of the Phase 1, Stage 1 heap leach pad and
Construct the heap leach facilities pump box.
Proposed Joint Venture
The Company announced a proposed joint venture transaction with
The Company will hold an Extraordinary Meeting of Shareholders on
The Board of Directors recommends a vote in favor of the joint venture.
The Company is developing a gold-silver, open pit, heap leach operation on its fully-permitted Soledad Mountain property, located just outside the town of
President & CEO
Tel: (604) 921-7570
Caution With Respect To Forward-looking Statements
The information in this news release includes certain 'forward-looking statements'. All statements in this news release, other than statements of historical fact, including, without limitation, plans for and intentions with respect to construction and other development activities on the
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from statements in this news release regarding our intentions include the uncertainties involving the approval of the joint venture; risks of construction and mining such as accidents, equipment breakdowns, non-compliance with environmental and permit requirements, and other risks and uncertainties disclosed in the section entitled 'Risk Factors' contained in our Annual Report on Form 10-K for the year ended
Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, should not to put undue reliance on forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made.
The Company's solicitation of proxies in connection with the extraordinary meeting of shareholders set to approve the joint venture transaction is detailed in the proxy statement filed with the
Shareholders can obtain a free-of-charge copy of the proxy statement and other relevant documents filed with the
Shareholders can also obtain a free-of-charge copy of the proxy statement and other relevant documents by directing a request by email to
The Company and its directors and executive officers will be participants in the solicitation of proxies from the shareholders. Information about the Company's directors and executive officers, including their shareholdings, is set forth in the proxy statement for the Company's 2014 Annual Meeting of Stockholders, which was filed with the
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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