2011 production analysisFrom the last MD&A report:
``Approximately 4,611 ounces of gold was produced by the end of September 2011 and an additional 4,000 ounces or more will be produced by the end of 2011.``
Here is my own personal tracker of approximate ounces produced by month during 2011:
May =
303 ounces
Jun =
589
Jul =
1,150
Aug =
1,600
Sep = maybe we can go with
969 ounces for Sep (as a backed into figure)
There were approx. 4,611 ounces produced by the end of September, per the MD&A. Let`s assume it all relates to 2011.
4,611 - 303 - 589 - 1,150 - 1,600 = 969 ounces
Oct = Not Available, though could be
anywhere between 0 and maybe 1,000 (due to having to address the production issues, but let`s go with
900 ounces for the purpose of backing into a somewhat reasonable December figure.
Nov =
1,100 ounces
Dec = They might have a chance at
2,000 ounces in Dec (this month).
A reasonable range for December might be
1,500 - 2,000 ounces (if they don`t make it quite to 2,000).
Per the MD&A, they are hoping for 4,000 or more ounces from Oct to Dec of 2011.
4,000 Q4 ounces expected - 900 Oct (blind assumption, strictly for the purpose of this exercise ) - 1,100 Nov = 2,000 ounces for Dec
The info from today appears to support the potential of reasonable production ounces for the next few months (perhaps Dec, Jan and Feb:
``During the third quarter
851,265 tonnes of ore was mined and stacked on leach pads, containing approximately 15,768 oz. of gold (
9,558 recoverable gold ounces).``
As mentioned in my last post, the
851,265 tonnes of ore sitting on the pads averages out to .
57 g/t grade and the expected gold recovery rate appears to be about
60%.
The 851,265 tonnes of ore on pads, the .57 g/t grade, the 60% recovery rate, are all very supportive figures when trying to achieve reasonable production results over the next few months.
Let`s hope no major (production impacting) issues get the way again.