Gold Produced, Up, By Over 1,750 Ounces in Q2 at El Chanate

gold production and development

We expect to produce approximately 65,000 to 70,000 ounces of gold in fiscal year 2011. Sonora, Mexico

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Gold Produced, Up, By Over 1,750 Ounces in Q2 at El Chanate

posted on Feb 05, 2009 04:58AM

Capital produces 13,646 ounces Au in Q2 at El Chanate

2009-02-05 09:30 ET - News Release

Mr. Jeff Pritchard reports

CAPITAL GOLD CONTINUES RECORD PRODUCTION INCREASES

Capital Gold Corp. has produced 13,646 ounces of gold in the second fiscal quarter of 2009 (ended Jan. 31, 2009) at its El Chanate mine in Sonora, Mexico. This represents a 15-per-cent increase over the fiscal quarter ended Oct. 31, 2008, and a 39-per-cent increase over the same period in the prior fiscal year.

Gross proceeds from the quarter were approximately $11-million on 13,277 ounces of gold sold, with an average sale price of approximately $827 per ounce. This represents an increase of gross proceeds of 20 per cent over the fiscal quarter ended Oct. 31, 2008, and a 36-per-cent increase over the same period in the prior fiscal year.

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