05:01 PM EDT, 10/27/2017 (MT Newswires) -- Scorpio Gold (SGN.V) shares ended Friday at the intra-day high of $0.05, for an 11.1% gain from the previous close and also from year lows. Then the company announced third-quarter production of 4,935 ounces of gold and 2,588 ounces of silver from its 70%-owned Mineral Ridge project in Nevada, down 50.6% and 44.1% compared to year-ago figures, respectively.

In its third-quarter operational results, Scorpio attributed the lower production figures to fewer tones being mined and processed as a result of the decreasing size of the Mary LC and Brodie pits and the slower mining rates as current production in these pits winds down.

According to Scorpio, current mining at Mineral Ridge is expected to continue through the first week of November, after which mining will be suspended for evaluations to be conducted on the project's remaining internal resources for an updated mineral estimate and mine plan.

Price: 0.05, Change: +0.005, Percent Change: +11.1