TSXV:MMY - Post Discussion
Post by
nozzpack on Apr 05, 2023 6:04pm
Q3 Profuction
As of Feb. 28, 2023, Ore mined includes approximately 93,000 tonnes of sulphide ores and 61,000 tonnes of oxide ores.
At 2.02 gms per ton , the 93,000 tons of sulphides contained about 6000 ounces of gold which @90% recovery converts to about 5400 ounces within concentrate
As at March 23/22 ,they had approximately 75,000 tonnes of sulphide ore in stockpile or around one month's supply for the processing plant.
This ore would have contained about 5000 ounces of sulphide gold .
Approximatly 18000 tons of this ore could have been processed in the last week of March which would have recovered another 1000 ounces of gold within concentrate .
So, very roughly, in Q3 ending in March 2022, up to 6000 ounces of gold within concentrate could have been produced for sale.
At $2500 cad per ounce, gross revenues would be about $15 million cad less $1.5 million for smelting which nets about $13 million cad in revenues for Q3.
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