YUKON-NEVADA GOLD CORP. SHOWS CONTINUED IMPROVEMENT IN
SECOND QUARTER RESULTS
Vancouver, BC – August 17, 2010 – Yukon-Nevada Gold Corp. (the "Company") (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) today announced the financial and operating results for
the second quarter ended June 30, 2010. This information should be read in conjunction with the Company's
annual financial statements, notes to the financial statements and Management's Discussion and Analysis. All
dollar amounts are expressed in United States Dollars unless otherwise specified.
Highlights for the three-month period ended June 30, 2010 include:
l The Jerritt Canyon Mine produced 18,441 ounces from stockpiles and mining operations in the three
months ended June 30, 2010, the highest production amount achieved in a quarter since the third quarter
of 2008. The Company achieved these results despite having one tertiary cone crusher out of commission
as well as having the facility shutdown for a two week period as noted below.
l The Company had a loss of $4.9 million in the second quarter of 2010 compared to $7.7 million in the
second quarter of 2009. This is the lowest quarterly loss since operations closed in the third quarter of
2008, despite the lengthy maintenance shutdown in the month of May.
l In May the Company shutdown the mill at Jerritt Canyon in order to carry out a significant overhaul of key
mill components both for compliance with the Consent Decree and for critical maintenance that had been
identified subsequent to restart in 2009. During the shutdown, major projects included the replacement of
one quench tank completely, upgrade work on the roaster control system, and thickener tank
refurbishment. Due to the high overtime and contractor costs incurred to complete the work and the
downtime related to the shutdown and ramp-up periods, the results for the period continue to reflect a loss
l Small Mine Developers (“SMD”) delivered 11,121 ounces to the mill from the Smith min