TSX:LSG.DB - Post by User
Comment by
bossuon Sep 05, 2015 4:39pm
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Post# 24081792
RE:RE:RE:RE:RE:Re. summer shhutdowns..Goldhappy..
RE:RE:RE:RE:RE:Re. summer shhutdowns..Goldhappy..The gold bars pours for the last two months has been 36 bars or 24840 ounces.
This is based on the last year average gold bar weigth of 690 oz/bar
Assuming that they are operating at capacity or 3400 t/d they had had a milling gade of 3.8 gr/t for the last two months .(3400 x 61 days x 3.8 gr/t x 96%)
Even with the weaker output for the last two months LSG is still in a good position to reach the revised guidance of 180 000 oz for the year as follow:
Q1 +Q2 =96400 oz
Q3 =37260 oz (Assuming same output for the last month of the Q3
Total 133660 oz on revised 180 000 oz guidance
They will have to poured 46340 oz in the Q4 which is the less than the average of the Q1+Q2
but they will have to come back to an average grade of 4.8 gr/ton for the period.(+/-)
This is all about managing the ore grade to reach the budget.
Tony must remember that he has missed his guidance in the past and it has been very painfull for the shareholders.
So I'm pretty sure this will not happen again.