Update from Livramento. It has been a little while since I have had an update from the guys at Livramento. Although I have had a few connection problems as I have been getting around a bit, so that has not helped.
I have just had a great visit to the DRC and went through a very undervalued gold project there and posted my first video form that visit a few days back. It has had big response.
For the last few days, I have been sitting around like an empty bottle in Swakopmund, waiting for a visit to a copper mine. It is the middle of the day here and have spent the morning putting a video together from Richard at Valterra’s Livramento project. They have been busy getting the mine up to scratch, it is a big difference in running a mine as a “hobby” as it was, to running it as a TSX listed company. Every box needs to be ticked, no shortcuts.
Richard has been away for a week or so attending to other business, but he is back now and sent me a few videos to let us know what is happening. If you remember, a few weeks back, they opened a high-grade section that had been previously mined by the Garimpeiros. They could not dig straight in, as the pit wall is high and posed a high risk of the failing. Stripping of overburden is being carried out now, and should be finished later in the week.
The plant has had a little hiccup due to a bearing failing that was difficult of acquire, but all running now. The pit is running seven days a week, day shift only, as at this time of the year it rains most nights, making it impossible to mine at night. When the weather settles down, they will be running 24 - 7 in the pit and at the plant.
A gold sale must be close as well, not sure on the TSX rules regarding reporting these things though. Check out my video if you have time, I have a new opening :-) …