Post by
nycticorax on Jan 18, 2023 1:29pm
Eagle Weakness
Well with all the wonderful news this'd have to be down to fourth or fifth on the list to worry about here, but another shocker was continued Eagle weakness as represented in the guidance for 2023.
Potential for production growth at Eagle used to be a hidden kicker under all the impressive forecasts for Kiena. Two years ago at Denver, Duncan was suggesting Eagle to be a 850tpd mine this year which at reasonable Eagle River grades would give you something more on the order of a 120koz mine... now they're guiding 80-90koz.
This was supposed to be a good year with the Falcon grade. Sure, take into account the hoist rope, the leach tank, and whatever else, it snowing, for 2022 and maybe you lose a month's worth of productivity. Added back in it could get you up near 100koz..
But they're guiding 90koz?
Yeah, you can chalk it up to conservative kitchen sink sandbagging, etc etc or worse is it better understanding of the geology or operational constraints? Seems like it's no sure thing to get this mine to steady 100koz/year run rate.