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Bullion Index – Precious Metals

North Bay CEO Discusses Second Gold Shipment and Production Strategy

North Bay Resources Inc.’s CEO, Jared Lazerson, recently shared insights with Proactive’s Stephen Gunnion regarding the company’s latest developments in gold production. Lazerson highlighted the completion of the second gold concentrate shipment, underscoring the company’s positive momentum. He mentioned the successful optimization of the gravity circuit and addressed challenges related to water bottlenecks, which are being mitigated through the installation of a recirculation pump.

The focus for North Bay Resources now shifts to enhancing throughput and activating the flotation circuit, with expectations of significantly improving recovery rates. Lazerson emphasized the importance of this step, especially considering the presence of fines in the mineral mix. By bringing the flotation circuit online, the company anticipates a substantial boost in recoveries, potentially doubling them.

With substantial stockpiles already in place and plans for near-surface extraction targeting 10,000 tonnes, North Bay Resources is strategically positioning itself for sustained production. Lazerson stressed the significance of efficient shipping logistics, noting the competitive cost structure despite the transportation distance between British Columbia and the California mill.

In a strategic shift, Lazerson outlined the company’s move away from exploration activities towards a sharper focus on production and development. He expressed a clear intent to transition North Bay Resources into a recognized producer and development entity within the industry.

As gold prices maintain their strength, North Bay Resources remains steadfast in prioritizing near-term production goals and operational efficiency. The company’s commitment to these objectives aligns with its overarching strategy to capitalize on the current robust gold market.

For more insights and updates on North Bay Resources and the gold mining sector, viewers can access Proactive’s YouTube channel for further interviews and industry-related content. Stay informed by liking the videos, subscribing to the channel, and activating notifications to receive the latest updates. The dialogue between Lazerson and Gunnion sheds light on North Bay Resources’ strategic direction and operational advancements in the dynamic gold market landscape.

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