High River Gold Mines Ltd HRIVF

RE: RE: RE: Gold segment Severstal Q1

[bart_dc]

Katchum,
you have to look a little bit further to see why the cash costs for certain mines are so high.
It's all about the throughput of ore. If a mine produces below design capacity then the depreciation of fixed costs of the plant is done over a low(er) amount of production.
For Berezitovy the cost will go down significantly starting of Q1 because throughput is being restored after ball mill issues.
Don't panic with this stock. We're more than healthy.