{"id":416222,"date":"2021-01-18T19:34:37","date_gmt":"2021-01-19T00:34:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416222"},"modified":"2021-01-18T19:34:37","modified_gmt":"2021-01-19T00:34:37","slug":"northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/","title":{"rendered":"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Jan. 18<\/span> , 2021 \/PRNewswire\/ &#8211;\u00a0<b>Northern Vertex Mining Corp.<\/b> (TSXV: NEE)\u00a0(OTC Nasdaq Intl.: NHVCF)<b>\u00a0(the &#8220;Company&#8221; or &#8220;Northern Vertex&#8221;)<\/b> is pleased to announce revenue of <span class=\"xn-money\">$23.4 million<\/span> and production of 12,401 gold equivalent ounces for the quarter ended <span class=\"xn-chron\">December 31, 2020<\/span> from the Company&#8217;s 100% owned Moss Gold Mine in <span class=\"xn-location\">NW Arizona<\/span>. \u00a0Gold equivalent production is calculated at realized gold and silver prices for the quarter of <span class=\"xn-money\">$1,888<\/span> and <span class=\"xn-money\">$24.66<\/span> respectively. All figures are US dollars unless otherwise noted.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1421934\/Northern_Vertex_Mining_Corp__Northern_Vertex_Reports_Revenue_of.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1421934\/Northern_Vertex_Mining_Corp__Northern_Vertex_Reports_Revenue_of.jpg\" title=\"Northern Vertex Mining Corp. Logo (CNW Group\/Northern Vertex Mining Corp.)\" alt=\"Northern Vertex Mining Corp. Logo (CNW Group\/Northern Vertex Mining Corp.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>Highlights for the quarter ending <span class=\"xn-chron\">December 31, 2020<\/span>: <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Revenue of <span class=\"xn-money\">$23.4 million<\/span><\/li>\n<li>Gold equivalent production of 12,401 ounces <\/li>\n<li>Gold production 11,124 ounces <\/li>\n<li>Silver production of 95,804 ounces <\/li>\n<li>Repayment of <span class=\"xn-money\">$8.5 million<\/span> of debt <\/li>\n<li>\n          <span class=\"xn-money\">$8.3 million<\/span> cash on hand at <span class=\"xn-chron\">December 31st, 2020<\/span><\/li>\n<\/ul>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Ken Berry<\/span>, President and CEO commented<\/b>, &#8220;I am delighted to report continued robust production in a strong gold market.\u00a0 In the last six months, we have generated <span class=\"xn-money\">$50.2 million<\/span> in revenue on the production of 27.1 gold equivalent ounces. The exemplary performance of our operating team this quarter allowed us to maintain strong production and revenue levels while\u00a0executing the transition from mining the center pit to pioneering and operating the west pit. With a strong balance sheet, an aggressive exploration program and 3 drill rigs onsite, I look forward to updating our shareholders with our upcoming drill results.&#8221;<\/p>\n<p>\n        <b>Operating Results for the Quarter Ended <span class=\"xn-chron\">December 31, 2020<\/span>:<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnsbr1 prnvab prnsbbs prntar prnpl6 prnsbls prnpr6\">\n              \n            <\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbbs prntar prnpl6 prnsbl1 prnpr6\">\n              \n            <\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Three Months Ended <br \/>Dec 31, 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Three Months Ended <br \/>Dec 31, 2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Ore mined <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">tonnes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">570,742<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">521,818<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Grade<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">g\/t<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.53<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.75<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Tonnes stacked per day (average)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">tpd<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,810<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,399<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Contained gold ounces stacked <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oz<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,073<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,043<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gold ounces sold <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oz<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11,760<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,925<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Silver ounces sold <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oz<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n              \n            <\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">147,109<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">61,183<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Gold equivalent ounces sold*<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Oz<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13,721<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,740<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<div class=\"prntal\">\n<table id=\"convertedTable155e\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prnsbtb0 prnrbrb0 prnvat prnsbtb0 prntar prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>*Note: Gold equivalent ratio of 75:1.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b><br \/>\n          <i>Mine Plan Sequencing from center pit to west pit <br \/><\/i><br \/>\n        <\/b>During the quarter, mining operations transitioned from the centre pit into the west pit, where bulk disseminated stockworks dominate.\u00a0 This transition enabled higher tonnage mining rates and more favourable strip ratios that are expected to lead to lower costs and lower cut-off grades as compared to the narrow-vein mining previously conducted in the centre-pit.<\/p>\n<p>\n        <b><br \/>\n          <i>Cash Position<br \/><\/i><br \/>\n        <\/b>The Company&#8217;s cash position of <span class=\"xn-money\">$8.3 million<\/span> at <span class=\"xn-chron\">December 31, 2020<\/span> is expected to be augmented by the <span class=\"xn-money\">C$22.6 million<\/span> financing announced by Northern Vertex and Eclipse Gold in connection with the merger of Northern Vertex and Eclipse Gold (see press release dated <span class=\"xn-chron\">January 14<\/span>, 2021).\u00a0 Subject to the satisfaction of certain conditions, the merger between Northern Vertex and Eclipse Gold is expected to close on <span class=\"xn-chron\">February 12, 2021<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <i>Debenture Payment<br \/><\/i><br \/>\n        <\/b>The Company also announces that under the terms of the convertible debentures issued under the convertible debenture indenture dated <span class=\"xn-chron\">July 31, 2020<\/span> (the &#8220;Indenture&#8221;) between the Company and Computershare Trust Company of <span class=\"xn-location\">Canada<\/span>, it has elected to satisfy its obligation to pay an aggregate of <span class=\"xn-money\">C$140,250<\/span> in interest accrued on the <span class=\"xn-money\">C$6.71 million<\/span> convertible debentures by issuing to such debenture holders on the interest payment date of <span class=\"xn-chron\">December 31, 2020<\/span> an aggregate of 269,712 common shares. <\/p>\n<p>The Company will pay to each such debenture holder approximately 4.02 common shares per <span class=\"xn-money\">$100<\/span> principal amount of debentures held as at the applicable interest payment record date. Under the terms of the Indenture, no fractional common shares will be delivered upon payment of the interest obligation and the Company is not required to pay the cash equivalent of any amount less than <span class=\"xn-money\">$5.00<\/span>. The issuance of common shares in payment of interest remains subject to Exchange approval.<\/p>\n<p>\n        <i><br \/>\n          <b>Safety\/COVID-19 <br \/><\/b><br \/>\n        <\/i>The Company&#8217;s policies have been recently modified<s>,<\/s> with new procedures put in place during the second fiscal quarter due to an onset of a number of COVID-19 cases among our team members. \u00a0Despite health concerns, our team was able overcome localized challenges and maintain full gold production at the Moss Mine. As at <span class=\"xn-chron\">December 31, 2020<\/span>, we have seen the benefits of our upgraded procedures and the Moss Mine had no known cases of COVID-19. <\/p>\n<p>\n        <b><br \/>\n          <i>About Northern Vertex Mining Corp.<br \/><\/i><br \/>\n        <\/b>Northern Vertex Mining Corp. owns and operates the Moss Mine, currently the largest primary gold and silver mine in <span class=\"xn-location\">Arizona<\/span>. \u00a0Focused on low cost gold and silver production, the Company has experience across all areas of operations, mine development, exploration, acquisitions, and financing of mining projects. The Company intends to consolidate additional producing or value-adding gold assets within the Western US. \u00a0Through mergers and acquisitions Northern Vertex&#8217;s corporate goal is to become a mid-tier gold producer.<\/p>\n<p>\n        <b>ON BEHALF OF THE BOARD OF NORTHERN VERTEX<br \/><\/b>&#8220;Kenneth Berry&#8221;<br \/>President &amp; CEO<\/p>\n<p>\n        <i>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Cautionary Note Regarding Forward-Looking Statements<\/i><br \/>\n        <\/b><br \/>\n        <i>:<br \/><\/i><br \/>\n        <i>This news release contains statements about our future business and planned activities. These are &#8220;forward-looking&#8221; because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as scheduled, may, intend, plan, expect, anticipate, believe or other similar words. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.\u00a0 Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.\u00a0 We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.\u00a0 US investors should be aware that mining terminology used for Canadian mineral project reporting purposes differs significantly from US terminology.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/i>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA51280&amp;sd=2021-01-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12-401-gold-equivalent-ounces-for-quarter-ending-december-31--2020--301209886.html\">http:\/\/www.prnewswire.com\/news-releases\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12-401-gold-equivalent-ounces-for-quarter-ending-december-31&#8211;2020&#8211;301209886.html<\/a><\/p>\n<p>SOURCE  Northern Vertex Mining Corp.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA51280&amp;Transmission_Id=202101180730PR_NEWS_USPR_____VA51280&amp;DateId=20210118\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER, BC, Jan. 18 , 2021 \/PRNewswire\/ &#8211;\u00a0Northern Vertex Mining Corp. (TSXV: NEE)\u00a0(OTC Nasdaq Intl.: NHVCF)\u00a0(the &#8220;Company&#8221; or &#8220;Northern Vertex&#8221;) is pleased to announce revenue of $23.4 million and production of 12,401 gold equivalent ounces for the quarter ended December 31, 2020 from the Company&#8217;s 100% owned Moss Gold Mine in NW Arizona. \u00a0Gold equivalent production is calculated at realized gold and silver prices for the quarter of $1,888 and $24.66 respectively. All figures are US dollars unless otherwise noted. Highlights for the quarter ending December 31, 2020: Revenue of $23.4 million Gold equivalent production of 12,401 ounces Gold production 11,124 ounces Silver production of 95,804 ounces Repayment of $8.5 million of debt $8.3 million cash on hand &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416222","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC, Jan. 18 , 2021 \/PRNewswire\/ &#8211;\u00a0Northern Vertex Mining Corp. (TSXV: NEE)\u00a0(OTC Nasdaq Intl.: NHVCF)\u00a0(the &#8220;Company&#8221; or &#8220;Northern Vertex&#8221;) is pleased to announce revenue of $23.4 million and production of 12,401 gold equivalent ounces for the quarter ended December 31, 2020 from the Company&#8217;s 100% owned Moss Gold Mine in NW Arizona. \u00a0Gold equivalent production is calculated at realized gold and silver prices for the quarter of $1,888 and $24.66 respectively. All figures are US dollars unless otherwise noted. Highlights for the quarter ending December 31, 2020: Revenue of $23.4 million Gold equivalent production of 12,401 ounces Gold production 11,124 ounces Silver production of 95,804 ounces Repayment of $8.5 million of debt $8.3 million cash on hand &hellip; Continue reading &quot;Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T00:34:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1421934\/Northern_Vertex_Mining_Corp__Northern_Vertex_Reports_Revenue_of.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020\",\"datePublished\":\"2021-01-19T00:34:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\\\/\"},\"wordCount\":1003,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1421934\\\/Northern_Vertex_Mining_Corp__Northern_Vertex_Reports_Revenue_of.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\\\/\",\"name\":\"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020 - 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(TSXV: NEE)\u00a0(OTC Nasdaq Intl.: NHVCF)\u00a0(the &#8220;Company&#8221; or &#8220;Northern Vertex&#8221;) is pleased to announce revenue of $23.4 million and production of 12,401 gold equivalent ounces for the quarter ended December 31, 2020 from the Company&#8217;s 100% owned Moss Gold Mine in NW Arizona. \u00a0Gold equivalent production is calculated at realized gold and silver prices for the quarter of $1,888 and $24.66 respectively. All figures are US dollars unless otherwise noted. Highlights for the quarter ending December 31, 2020: Revenue of $23.4 million Gold equivalent production of 12,401 ounces Gold production 11,124 ounces Silver production of 95,804 ounces Repayment of $8.5 million of debt $8.3 million cash on hand &hellip; Continue reading \"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-19T00:34:37+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1421934\/Northern_Vertex_Mining_Corp__Northern_Vertex_Reports_Revenue_of.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020","datePublished":"2021-01-19T00:34:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/"},"wordCount":1003,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1421934\/Northern_Vertex_Mining_Corp__Northern_Vertex_Reports_Revenue_of.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-vertex-reports-revenue-of-us23-4-million-and-production-of-12401-gold-equivalent-ounces-for-quarter-ending-december-31-2020\/","name":"Northern Vertex Reports Revenue of US$23.4 Million and Production of 12,401 Gold Equivalent Ounces for Quarter Ending December 31, 2020 - 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