CAMDRIDGE(Commodity Online): Markray Corp (RVBR.PK), engaged in extracting precious metals from stockpiles of raw materials, announced that the company recorded 48% percent increase in its gold production in the last quarter.
The increase in production was not difficult since the company previously mined rare earth minerals and have been stockpiled awaiting separation and processing.
There are no expensive mining procedures that have to be executed before attaining the minerals. No dangerous operations with explosives nor costly construction of underground galleries are required.
Olga Smolnikova, president of Markray said,”'This increase was expected following the application for permission to increase production. We added equipment and the team worked longer hours to obtain these results”.
Olga Smolnikova confirms ''Our goal is to increase production to 200,000 ounces of gold per year and then double this amount with additional equipment.''
