GREY:RIOAF - Post by User
Post by
jasmtson Jul 11, 2013 5:37pm
225 Views
Post# 21602822
Production guidence
Production guidenceToday, 7-11-2013 Rio Alto confirmed that 2013 gold production to be ~ 190,000 - 210,000 oz's, as important they suggested that permitting for phase 2 production is in permitting stage. Stage 2 is where we begin the copper/gold production via milling of the ore rather than dump leaching, preliminary mill size to be ~ 18,000 Tonne/day. Their posting suggests that they will need to do some additional financing rather then thru cash flow from oxide gold sales? This because cash flow may be insufficcient to fund all the mill equipment purchases? BUT WHAT IS NOT TO LIKE HERE? Of course phase one oxide gold production will be on going! jasmts