Bullion River Gold records first revenues
Bullion River Gold Corp. of Reno recorded its first revenues during 2006 $804,190 from the sale of 1,281 ounces of gold and 359 ounces of silver produced at its French Gulch mine near Redding, Calif.
The publicly held company reported a net loss of $15.5 million for the year compared with a loss of $5.4 million a year earlier.
The California mine started production in November, and President Peter Kuhn said Bullion River hopes to double its production capacity during 2007.
The introductory 80-hour program — announced in May as one solution to Nevada’s oft-lamented skilled labor shortages — is designed to train people in construction, building maintenance and related trades.