Atna Resources' CEO James Hesketh Interviewed by The Gold Report
SAN FRANCISCO, CA--(Marketwired - Jun 18, 2015) - When James Hesketh became president and CEO of Atna Resources Ltd. (TSX: ATN) in 2009, the company had plenty of promise but no gold production. Today, Atna has two producing mines -- Briggs in California and Pinson in Nevada, with excellent prospects for expansion. Yet Atna shares can be had for only a dime. In this interview with The Gold Report, Hesketh explains how he intends to bring his company up to 100,000 ounces a year using primarily internal cash flow and how a rising gold price would reward investors with multiples.
The Gold Report: You have declared your goals as "developing positive cash flow from operations" and "growing Atna Resources Ltd. into a low-cost, mid-tier gold producer." What steps have you taken to achieve these goals since you became president and CEO six years ago?
James Hesketh: Atna and Canyon Resources merged in 2008. The new company had several development assets, including the Briggs gold mine in California, the Pinson gold mine in Nevada, the Reward project in Nevada and the Columbia project in Montana. But we had no production. Our first step was to put Briggs into production, which we accomplished in 2009 with our first gold pour occurring in May. Since then, we've produced about 160,000 ounces (160 Koz) of gold from Briggs.
We then had to negotiate with Barrick Gold Corp. to consolidate our ownership in Pinson, which we accomplished in 2011. Development commenced in 2012. Unfortunately, the price of gold collapsed in 2013 and forced us to put off the start-up of operations until 2014. Today, Pinson is increasing...
Continue reading this interview with James Hesketh: Atna Resources' Pipeline Puts It in Position to Soar
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DISCLOSURE:
Atna Resources Ltd. paid The Gold Report to conduct, produce and distribute the interview. James Hesketh had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of James Hesketh and not of The Gold Report or its officers.
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