A Certain Term and an Uncertain Term Re: Magino'Commissioning' is what its called. Here's an excerpt from the recent December 8/2022 Argonaut press release announcing the new CEO:
'Commissioning is scheduled for the second quarter of 2023 followed by commercial production in the third quarter of 2023.'
Commissioning is mining speak for the process by which all the equipment Argonaut has poured into that $900 million hole in the ground at Magino is turned on and found--or not--to be in working order. The company expects it to take up to 3 months.
The term 'first pour' is NOT found in any recent company press releases. I was only able to find a definate reference to it in a 'The Mining News' article from last July. I couldn't quote it here because when i went to quote the article i was denied access because i had already had my one free read without subscription.
The article stated something to the effect that the 'first pour' is scheduled for March 2023.
What's up with that? I dont know who the article's writer was quoting--obviously implying a company source--but it conflicts with the company's press release.
I 'm going into this here because as the calendar turns over into 2023, Q1 flies by and commercial production approaches it wouldn't hurt to remember that the expectation for a 'first pour in March' did not originate with the company.
Cheers