Moris ResultsHere are some results from Hochschild's website, just released today.
Moris
Production and sales (total):
Year ended 31
December 2007
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Ore production (tonnes) 338,304
Average head grade silver (g/t) 4.69
Average head grade gold (g/t) 1.65
Silver produced (koz) 13
Gold produced (koz) 5.58
Net silver sold (koz)(1) 6
Net gold sold (koz)(1) 3.26
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(1) Total ounces of gold and silver sold include 2.8 koz and 4.5 koz, respectively,
that were produced during the construction phase of the plant and hence
corresponding revenue has been recorded as a reduction to the capitalized cost
of the plant.
Exploration:
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Stated on an attributable basis As at As at % change
31 December 31 December
2007 2006
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Resources 2.44 mt @ 5 g/t 3.27 mt @ 4 g/t
Ag & 1.33 gt/ Au Ag & 1.3 gt/ Au
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Resource (moz
Ag eq.) 6.6 8.6 (23%)
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Reserves 1.77 mt @ 5 g/t 2.04 mt @ 4 g/t
Ag & 1.50 gt/ Ag & 1.51 gt/
Au Au
Reserve (moz
Ag eq.) 5.4 6.2 (13%)
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Notes: contains only the percentage of reserves or resources attributable to our
ownership in the mine/project; resources are inclusive of reserves; reserves and
resources are reported according to the JORC code developed by the Australasian
Joint Ore Reserves Committee; Gold/Silver equivalency: 1oz Au= 60oz Ag
During 2007 we advanced exploration efforts at Moris, drilling 335 metres to
define a potential on the old leach pad, incorporating 29,178 ounces gold to
production.
Again, this is from Hochs financial results for the year ending Dec 31, 2007.