Markray Corp Reacts to Increase in Price of Gold
07 September 2011 - 4:59PM
PR Newswire (US)
MOSCOW, Sept. 7, 2011 /PRNewswire/ -- Markray Corp
(RVBR.PK) announces that it will increase its gold production to
benefit from the constant rise in the price of gold. ''We predicted
that the price will exceed $2000 an
ounce before the end of the year and now it has bounced back to
exceed $1900,'' says Aleksandr Kovalenko, vice - president.
The Company has been negotiating to purchase additional
equipment to increase its production and this will permit it to
take advantage of the strongest gold market in history. The
additional equipment will be used in all stages of production.
Contact: Andrey Smirnov
asmirn@newmail.ru
SOURCE Markray Corp
Copyright 2011 PR Newswire
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