The company has gained net income of $9m for the quarter as against the loss of $18m for the last year and the company has attributed the positive earnings to the increased revenues.
It has also achieved positive operations cash-flow of $3.8m for this quarter, which is the first positive operating cash-flow achieved since the third quarter of 2007.
Also the gold miners have produced 35,524 payable ounces at a total cash cost of $1,038 per payable ounce produced from Jerritt Canyon Mill for the quarter.
Veris Gold Co-CEO and COO Randy Reichert said that the third quarter results for 2012 are a huge milestone for the company especially considering the Jerritt Canyon operations.
