We got the info we have being needing today Well today they have PRed the info I asked for yesterday, very good to see and the stock is up.
RNC also announced gold mined production results for the first quarter of 2019 of 3,716 ounces. Production levels (see Table 1 below) reflect RNC's decision in November 2018 to temporarily ramp down mining in order to focus on drilling off the main shear zone resources and complete an updated resource estimate. On March 28, 2019, RNC announced the drilling program had sufficiently advanced to allow for commencement of a limited restart of mining in areas with mine development already in place. The timing for a full ramp-up decision has remained unchanged and will be based on completion of the resource update expected by the end of the second quarter of 2019.
Mark Selby, President and CEO, commented, "We are now entering an exciting phase at Beta Hunt. The limited restart, which began during the first quarter, has already achieved a 40,000 ounce annualized run rate in April 2019 after production in the first quarter for both coarse gold and overall production were in line with our previously announced ramp down. Development is now sufficiently advanced to allow mining activities to begin this month underneath the Father's Day Vein Discovery on 16 Level. This development will target a 1,406 g/t intersection sitting just 7 metres below the Father's Day Vein area. We remain on track to complete an updated resource estimate by the end of June and fully restart production later this year which, pending a successful conclusion to the Westgold transaction, will be delivered to a fully integrated Beta Hunt - Higginsville operation. The combination of the Higginsville Mill with the production potential of our Beta Hunt mine is expected to provide significant synergies, including a 35% cost saving per tonne (or in excess of US$100/oz) versus our current toll milling arrangements."
First Quarter Production
50.3 kt of material was milled at an average grade of 3.20 g/t to produce 5.2 koz of gold, a 38% decrease from the first quarter of 2018. Milling grades were 36% higher compared to the first quarter of 2018 as higher grade mined material was processed. 6.4 koz of gold was sold during the first quarter of 2019.
34 kt of material was mined at Beta Hunt at an average grade of 3.36 g/t to produce 3.7 koz during the first quarter, a 73% decrease versus the first quarter of 2018. Mined production was lower due the planned temporary ramp down of mining during the first phase of the ongoing 40,000 meter drilling program.
Some comments. Great To see we will be mining the FDV this month. Maybe we hit another "living room" They only put one hole directly under the FDV and got 1400 grams a ton 7 meters down. We will be mining bonanza garde ore there this month, just a matter of how much. Also looks like HGO is 90%+ now to be done deal. With just a partial restart of mining they are already at 40,000oz run rate. That portends IMHO 100,000oz when they are full bore mining the bulk, encouraging. As the high grade they hit with new geo model gets added on to that when they hit it.
To best of my knowledge it seems they will cashflow well without the highgrade now.
Very good that they put out this info, we know more now. Also the 40,000 oz rate indicates not only the grade has gone up but the wider ore they found with the drill is boosting productivity, they are getting more gold per man hour than just the grade increase would cause.