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[QUOTE]Originally posted by NaturalResources: [QB] [b]Golden Phoenix Reports on Ashdown Mine Development and Molybdenum Production[/b] Thursday September 6, 8:30 am ET [QUOTE]SPARKS, Nev., Sept. 6 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News) is pleased to report that operational efficiencies continued to improve through the second quarter as production capability was expanded at its majority owned Ashdown Project LLC business unit, operated through a joint venture with Win-Eldrich Mines Ltd. Development work at Ashdown has been ongoing, with full-scale production from multiple stope headings targeted for early 2008. During the second quarter of 2007, the Ashdown Project LLC posted sales of molybdenum concentrates totaling $4,466,395, which represents an increase of over $3.6 million, or 460%, from its first quarter sales. Operating costs and expenses for the second quarter were $2,276,789, compared to $1,680,068 for the first quarter reflecting an acceleration in budgeted staffing from approximately twelve to twenty-four miners and from approximately nine to eighteen milling and support personnel, as well as other costs related to the ramp up in production. The advancement in development at both the mine and mill resulted in a total of 144,882 pounds of molybdenum (Mo) being sold in the second quarter at a cost of $15.71 per pound as compared to 64,942 pounds at $25.87 per pound during the first quarter. These per-pound calculations represent fully loaded, total costs that include ore production, barren-rock development, general and administrative expenses, accretion, depreciation and amortization expenses.[/QUOTE]Full Text At: http://biz.yahoo.com/prnews/070906/lath063.html?.v=101 Or At The Company Website: http://www.golden-phoenix.com/news_releases.htm [/QB][/QUOTE]
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