TSXV:SLX.P - Post by User
Comment by
Einherjaron Jan 12, 2011 2:10am
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Post# 17957941
RE: GENCO 300tpd mill profitable
RE: GENCO 300tpd mill profitablei don´t believe we have reached the 300t/d. Q3 says 180t/d overall with maximum 250t/d. looks like 3 months flat without progress...it isn´t that easy to accelerate the troughput. maybe we milled some higher grades but without st. rafael online that could be difficult. i beliefe also in higher recovery rates and so we get more ounces @ lower price.
wo could have sold more ounces that we produce this quarter because of the inventury but so we have also to take the cost on sales for that. i believe we are break even at the best.
now we have the managment for the full quarter and a new year... let´s get it on. SLX show me the money!!!
attached is an email response from wayne moorehouse that i got after the Q2 2010 numbers @genco were out
Dear xxxxxxxxxx,
Operations are advancing according to plan. We are currentlyworking to both increase the number of tonnes mined on a monthly basis and alsoimprove the grade. As we have covered in news releases and our most recentMD&A initial mill feed came from stockpiles and low grade dumps. When we restartedoperations some of the previously developed areas of the mine were notimmediately accessible and also development work was needed to bring more areasinto production. We are working to displace low grade material with highergrade material as more production areas are developed and brought intoproduction. The goal as with any mine is to operate the mill at or nearcapacity at an average ore grade equal to the average reserve grade. Wetraditionally give an update on operations quarterly and anticipate we will do thesame after the quarter end.