GREY:ADAIF - Post by User
Post by
Almelindaon Mar 30, 2008 11:21am
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Post# 14922478
Outlook for 2008
Outlook for 2008The following outlook for 2008 is contained with the financial data" "Production targets for Q1 of 2008 are currently estimated at 6.5 million pounds of zinc in concentrate (payable) and 4.3 pounds of lead metal in concentrate (payable). Production targets for Q2-2008 are currently estimated at 7.8 million pounds of zinc metal in concentrate (payable) and 4.7 million pounds of lead metal in concentrate (payable). Payable metals to the mine are reduced by transportation costs, smelter charges and government royalties.
Initial shipmentof lead concentrates to offshore markets took place in August and initial shipment of zinc concentrates took place in November. The Company anticipates shipping 30,000 tonnes of zinc concentrates (29.9 million pounds of contained metal recovered) and 12,000 tonnes of lead concentrates (20.8 million pounds of contained metal recovered) in 2008."
The report goes on to say of their exploration plans for 2008 with a new resource estimate on the Getty Deposit anticipated to be completed early in Q2-2008.