GLEN EAGLE REACHES COMMERCIAL PRODUCTION

V.GER, Glen Eagle Resources, gold

Glen Eagle Resources, (TSX VENTURE:V.GER) is pleased to announce that Cobra Oro de Honduras, a wholly own Honduran subsidiary of Glen Eagle, has reached commercial production on April 1, 2017 in line with guidance as stated in a prior news release dated February 28, 2017.
The passage from production to commercial production implies that Cobra Oro will no longer capitalize its expenses, allowing the company to release an income statement and production numbers on a quarterly basis.
Gold sales continue apace as the Company will have produced from February through April approximately $500,000 in gold despite heavy construction and reorganization at its processing plant. Sales volume should increase substantially over the current quarter as bigger and better equipment will enter in service. read more

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