RE:RE:RE:Newlox Gold Announces First Mineralized Material Processed150tpd x 15grams/t x 90% recovery= 2025 grams per day
1 troy ounce = 31.1 grams
2025/31.1 = 65 ounces per day
50% to the artisans and 50% to Newlox so Newlox gets to keep 32.5 ounces per day.
Even if they run the plan 365 days a year, I only get around 11,800 ounces for Newlox.
Perhaps the 20,000 ozs/yr figure is total ounces produced before they give 50% to the artisanal miners.