GREY:HRIVF - Post by User
Comment by
cjsellon May 04, 2009 3:30pm
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Post# 15965330
RE: Severstal Gold production
RE: Severstal Gold productionI highly doubt HRG gold production numbers are in Severstals Q1 report, they DO NOT OWN HRG, but must follow mark to market, so Severstal has blood on their equity investment in HRG, plus debt to boot! But I will try to gleen HRG stuff from the notes and post if I find something.
Here are Severstals gold guidance from their web site.
Nerunigri-Metallic: reserves 2.24M OZ EST annual output of approximately 1.35 tonnes 43k oz of gold. Aprelkovo: (east Russia) reserves 800K oz, EST annual output of approximately 1.25 tonnes 40K OZ of gold.
Celtic : The mine is expected to have an annual output of approximately 2.9 tonnes 95K OZ of gold.
Still no AGM date, does no one else find this strange?????????
CJ