July 7, 2011 / 10:32 AM / in 7 years

UPDATE 1-San Gold Q2 gold production more than doubles

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July 7 (Reuters) - Canada’s San Gold Corp said its gold production more than doubled in the second quarter, backed by increased crushing and milling system capacity.

The company, which mainly explores gold in the Bissett area of Manitoba and produces from its underground mine in the Rice Lake area there, said quarterly production rose 118 percent to 20,055 ounces.

During the quarter, the company milled ore at a rate of about 1,260 tons per day, a 97 percent rise from the year ago.

Shares of Bissett, Manitoba-based San Gold closed at C$3.50 on Wednesday on the Toronto Stock Exchange. (Reporting by Swetha Gopinath in Bangalore; Editing by Maju Samuel)

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