Hochschilds 4th Q production results will be reported on Jan. 08. We should be able to get an update on the further accomplishments at the Moris mine, like the progression of the leach pads. Initial production rates were expected to be 25koz gold and 60koz of silver, it should be interesting to see what the full quarter produces. I’m of the opinion that we are sitting on a backlog of news. I think we’re looking at a really good year ahead of us.
From Hochschilds, August 13th/2007.
https://www.hochschildmining.com/pdf/reports/Commencement_of_production_-_Moris.pdf
"Along with the mine, we acquired a crushing plant and have expanded its capacity from 1,500 tonnes per day to 3,000 tonnes per day. We also acquired an ADR (Adsorption-Desorption-Recovery) plant which we have refurbished. The ADR plant is used to produce dore once the ore has been crushed and leached on the leach pads. In addition, we have refurbished one existing pad and are in the process of building five additional pads. Throughput capacity at Moris will be 1.06 million tonnes per annum".
From e-reasearch report, October17th/2007
https://www.babybulls.com/index.htm
REVENUES/INCOME: Although EXMIN has not generated any operating revenues in the past,
the recent opening of the Moris mine should result in cash flows (ramping up to 50,000 ounces gold
and 150,000 ounces silver). The cash flows from the mine should ease EXMIN’s previous reliance
on private placement financings and equity/debt financing from its joint-venture partners.