OTCQX:DMMIF - Post by User
Post by
banjobobon Aug 19, 2010 3:12pm
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Post# 17366448
gold to june 30
gold to june 30The plant was restarted in late December 2009 and during 2010 it has been operating at less than scheduled capacity while
the declines accessing the resources continue to be developed. The plant has been stress tested to near capacity with nonresource
material stockpiled during the mine development (see “Zaruma Gold Project Mine Development” below). As at
June 30, 2010 the Company had produced approximately 2,500 ounces of gold and 12,900 ounces of silver contained in dory
bars, which is recorded as inventory in the consolidated financial statements, net off an estimated 5% royalty payable to the
government of Ecuador, a 1.5% net smelter return royalty payable to IAMGOLD and estimated refining and transportation
fees. The Company has not recorded the estimated amount of inventories in the circuit as work in progress as at June 30,
2010 and does not currently intend to record this until the project is in commercial production.