GREY:GYPHQ - Post by User
Post by
red911on Aug 27, 2013 8:39am
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Post# 21699981
August 15 2012...
August 15 2012...More than 1 year ago... Jim O'Neil... Grypho Gold CEO... August 15 2012 conference call with SHAREHOLDERS... Makes me sick...
https://www.gryphongold.com/_resources/pdfs/20120815_GGN_Q1_2013_Teleconference_Transcript.pdf
"In order to achieve our target production rate of 2,000 to 2,500 gold equivalent ounces per month by the end of the calendar year, we need to complete the plans we have for our production process. This includes the expansion of the heap leach pad, a higher daily tonnage of ore processed, increased pumping capacity of the leaching solution, additional carbon columns at the ADR and development of new mined ore to gain higher recovery rates. As production ramps up and we add newly mined ore, we believe we can gain operational leverage on the volume and improve recovery rates, measurably reducing our production cost per ounce."
"James O’Neil: Our plan right now is to get to 25,000 to 30,000 ounces a year. That could certainly increase - with enough money, you can do anything - but first things first. We want to get to the plan where we are stabilized and can pay our debts, and then we’ll look at other opportunities as cash becomes available.
Bill Lewis: Okay. And, at 30,000, what would you estimate your cost per ounce to be?
James O’Neil: We expect, at 30,000 ounces, to be around $600 to 700 dollars."