American Bonanza Begins Plant Commissioning at Copperstone
Published : November 08, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2011) - American Bonanza Gold Corp. (News - Market indicators)(OTCQX:ABGFF)(PINK SHEETS:ABGFF) ("Bonanza") is pleased to announce that the Copperstone gold mine has entered the final phase of construction and has commenced dry commissioning of the Copperstone gold processing plant.

All processing plant and crusher equipment has been installed and wired. Construction of the crusher back wall and dump pocket is complete. Emplacement of the sand overlay for the tailings impoundment is complete. Installation of the tailings pipeline is also complete. Only minor tie-in of process piping remains.

Bonanza's mining permits allow mining of ore for treatment in the gold processing plant after the two declines have joined at the north end of the mine, thus providing multiple escape routes and enhanced ventilation. The joining of the two declines is complete, allowing for the mining of ore to commence, and Bonanza is currently developing stopes. The safety chambers have been installed underground. Bonanza has also shipped nineteen truckloads of ore to the crusher in anticipation of processing plant startup.

As part of Bonanza's transition from contract mining to owner mining, all essential mining equipment has been purchased and delivered to site and is at work. Copperstone remains on track for a fourth quarter, 2011, mine and mill startup process, with the goal of achieving full production rates by the end of the year.

About Bonanza

Bonanza is nearing completion of the construction activities at the Copperstone gold mine, which will allow for re-activation of mining at the construction-stage Copperstone gold mine. Bonanza is well financed and has no debt. For more information please visit Bonanza's website at www.americanbonanza.com.

AMERICAN BONANZA GOLD CORP.

Brian Kirwin, President & Chief Executive Officer

FORWARD-LOOKING STATEMENTS

This news release includes certain statements and information that may be deemed "forward-looking statements" and contain "forward-looking information" within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including but not limited to the timing of completion of construction of the Copperstone mill and the commencement of production, the likelihood of commercial mining, possible future financings, and those statements related to rates and performance of mine and mill production, ground conditions for underground mining, the granting of future key permits, estimated metal production and the timing thereof; and any capital and operating and cash flow estimates and reduced operating costs as a result of the move to owner operated mining are forward-looking statements. Forward-looking statements or information also include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Mining exploration and development is an inherently risky business, and accordingly the actual events may differ materially from those projected in the forward-looking statements. Although Bonanza believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements or information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "potential", "is expected", "anticipated", "is targeted", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: history of losses; requirements for additional capital; dilution; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations; future energy price fluctuations; the speculative nature of exploration activities; unsuccessful exploration results; periodic interruptions to exploration; development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; uncertainty associated with the interpretation of drill results and the estimation of mineral resources and reserves; uncertainty associated with estimations of the metallurgical character of the mineralized rock; legal and regulatory proceedings and community actions; title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; unanticipated loss of key employees or management personnel; general economic conditions; as well as those factors discussed in the section entitled "Risk Factors" in the Company's Form 20-F and other public disclosure filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company seeks Safe Harbor, and disclaims any intent or obligation to update forward-looking statements or information except as required by law, and the reader is referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. For more information on Bonanza and the risks and challenges of its business, investors should review Bonanza's annual filing on Form 20-F with the U. S. Securities Commission and its home jurisdiction filings that are available at www.sedar.com.



American Bonanza Gold Corp.
Brian Kirwin
President & Chief Executive Officer
1-877-688-7523
info@americanbonanza.com
www.americanbonanza.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : BZA.TO
ISIN : CA0246381085
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

American Bonanza is a gold development stage company based in Canada.

American Bonanza produces gold, silver in USA, and holds various exploration projects in Canada.

Its main asset in production is BELMONT in USA and its main exploration properties are GOLD BAR and OATMAN in USA and COPPERSTONE, NORTHWAY and ISKUT in Canada.

American Bonanza is listed in Canada, in Germany and in United States of America. Its market capitalisation is 711 633 as of today (US$ 666 444, € 489 837).

Its stock quote reached its highest recent level on December 29, 2006 at 0.78, and its lowest recent point on July 07, 2014 at 0.02.

American Bonanza has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of VanEck Vectors Global Alternative Energy ETF
7/4/2013Announces Closing of $1,000,000 Private Placement, Execution...
7/4/2013Announces Closing of $1,000,000 Private Placement, Execution...
Nominations of VanEck Vectors Global Alternative Energy ETF
6/27/2013Announces Election of Directors at the Annual General Meetin...
5/15/2011 Douglas Wood named as Vice President, Exploration
3/30/2011Appoints New Director and Announces Key Management Addition
Project news of VanEck Vectors Global Alternative Energy ETF
10/11/2013(Copperstone)Suspends Operations at Copperstone Mine
9/6/2013(Copperstone)Provides Copperstone Gold Mine Progress for July 2013
7/17/2013(Copperstone)Provides Copperstone Gold Mine Progress for June 2013
6/19/2013(Copperstone)Provides Copperstone Gold Mine Progress for May 2013
5/28/2013(Copperstone)Provides Copperstone Gold Mine Progress for April 2013
5/28/2013(Copperstone)Provides Copperstone Gold Mine Progress for April 2013
5/1/2013(Copperstone)Provides Copperstone Gold Mine Progress for March 2013
3/22/2013(Copperstone)Provides Copperstone Gold Mine Progress for February 2013
1/17/2013(Copperstone)Provides Copperstone Gold Mine Progress for December
6/14/2012(Copperstone)Announces Progress at Copperstone Mine and Completion of a G...
3/1/2012(Copperstone)Copperstone Gold Mine Ships First Gold
2/7/2012(Copperstone)Copperstone Gold Mine Update
6/8/2011(Iskut)Sells Iskut JV Property
4/20/2011(Copperstone)Receives Final Major Permit for the Copperstone Gold Mine
4/11/2011(Iskut)Acquires Interest in the Iskut JV Property From Barrick Gold
3/23/2011(Copperstone)Finalizes Development Contract
3/8/2011(Copperstone)Advancing Work on Gold Recovery Plant
2/28/2011(Copperstone)Purchases Cone Crusher for the Copperstone Gold Mine
2/15/2011(Copperstone)Receives Air Quality Control Permit for the Copperstone Gold...
Corporate news of VanEck Vectors Global Alternative Energy ETF
10/21/2013Provides Corporate Update
7/11/2013Announces the Results of the July 10, 2013 Reconvening of th...
6/12/2013Announces Joint Venture With Suparna Gold, Non Brokered Priv...
4/11/2013Restructures Outstanding Indebtedness
9/17/2012s Funding News
2/15/2012Prepayment Facility
10/11/2011Purchases Mining Equipment in Move to Become Owner-Miner
9/29/2011Closes $6 Million Financing
9/14/2011Announces Proceeds of $4.9 Million from Sale of Shares
9/8/2011Announces $6 Million Bought Deal Financing
5/30/2011Commences Trading on the OTCQX
1/21/2011American Bonanza Closes $17.5 Million Financing
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (BZA.TO)FRANKFURT (AB2.F)
0.015+0.00%16.13+0.66%
Last quotes and information before delisting
Prev close Open
0.020 0.020
Low High
0.015 0.020
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.015 -%
Volume 1 month var.
42,650 -%
Produces Silver
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.