Aris Mining Corp. T.ARIS

Juicy nugget from the MD&A about Segovia operations.

[tobinator01]

Aris said they increased the mill's processing capacity from 1500 tpd to 2000 tpd in Q3, 2022. 

I then looked at the MD&A.  Q3, 22 had 137,353 tons processed.  I take 91 days per quarter and divide into that  and the average rate is 1510 tpd.  Aris didn't say when in Q3 the capacity increase to 2000 was achieved.

The 2000 tpd for Q4 would mean 182,000 tons processed.  At the same grades, Segovia can produce 15,000 ounces more per quarter from 46k to 61k.  That'll add another $25 million in revenue with most of that going to the bottom line and operating cash flow.

Am I missing something here?  If not, AISC should be coming down nicely for Q4.

[kkkrrr]

they never produced at the limit of their mill ... for example...     old capacity was 1500 tonnes/dy and theyy produces near 1200 tonnes/day ...  its a theoretical number and a kind of debottlenecking ...   ..the capacity of the mill rises with lower head-grades .. i think 2000 tonnes/day is the final size with head-grades nearing 10 g/ton  ... some years ago