RE: Production results !
This is great news. Fingers crossed that they might actually be interested in HRG value from here on out.
For Bissa numbers see page 176 from 2011 CPR Report of Nord Gold Assets
https://www.nordgold.com/en/investor-relations/results-and-reports.aspx
Table 2.21: Bissa Life ofMine Assumptions and Input Data
Year TOTAL 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Gold Price, US$/Oz 0 900 900 900 900 900 900 900 900 900 900 900 900 900
Ore (oxide) production (diluted) kt 22,729 0 0 1,476 2,584 2,426 2,023 2,844 2,334 2,473 1,959 2,730 1,675 205
Waste (oxide) mined, kt 106,621 - - 5,166 10,558 9,763 10,005 10,091 9,913 11,609 10,744 12,632 10,793 5,347
Ore (oxide) Mining cost, US$/t 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80
Waste (oxide) Mining cost, US$/t 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50
Au (oxide) Grade g/t 1.58 0.00 0.00 2.14 1.80 1.60 1.51 1.58 1.36 1.37 1.05 2.07 1.16 2.07
Gold (oxide) mined, kg 35,896 0 0 3,162 4,650 3,889 3,060 4,502 3,165 3,387 2,055 5,651 1,951 423
Recovery (oxide) , % 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5 91.5
Gold (oxide) recovered, kg 32,844 0 0 2,893 4,255 3,558 2,800 4,120 2,896 3,099 1,880 5,171 1,785 387
Processing (oxide) cost, US$/t 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79
Proc andMining (oxide) Costs US$/Oz 505 - - 331 410 459 517 449 551 562 772 370 737 901
Ore (sulphide) production (diluted) kt 6,434 - - - 368 525 930 107 618 478 993 221 1,278 915
Ore (sulphide) Mining cost, US$/t 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90 1.90
Mining (sulphide) OPEX, k US$ 12,224 - - - 699 998 1,767 203 1,175 908 1,887 420 2,428 1,739
Au (sulphide) Grade g/t 2.41 - - 0.00 2.36 2.67 2.68 2.43 2.15 2.28 2.85 1.46 2.10 2.46
Gold (sulphide) mined, kg 15,521 - - - 866 1,402 2,491 260 1,327 1,089 2,828 323 2,686 2,248
Recovery (sulphide) , % 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5 86.5
Gold (sulphide) recovered, kg 13,426 - - - 749 1,213 2,154 225 1,148 942 2,446 280 2,323 1,944
Processing (sulphide) cost, US$/t 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2 21.2
Proc andMining (sulphide) Costs US$/Oz 333 - - - 353 311 310 341 387 365 292 567 395 338
Gold Recovered TOTAL, Oz 1,487,624 0 0 93,024 160,888 153,396 159,295 139,688 130,017 129,922 139,104 175,247 132,086 74,958
Proc andMining TOTAL Costs US$/Oz 377 - - 331 402 421 427 443 504 516 500 380 544 432
Depreciation (total) k US$ 224,908 - - 19,535 33,786 32,213 33,452 29,334 27,304 27,284 14,500 2,500 2,500 2,500
Revenue, k US$ 1,338,862 0 0 83,722 144,799 138,056 143,366 125,719 117,015 116,930 125,194 157,722 118,877 67,462
Operating Costs, k US$ 662,899 - - 30,763 64,615 64,606 68,031 61,937 65,549 67,012 69,599 66,614 71,817 32,355
G&A, Sales 130,000 0 0 6,500 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 6,500
Royalty, 3% 40,166 - - 2,512 4,344 4,142 4,301 3,772 3,510 3,508 3,756 4,732 3,566 2,024
CAPEX, k US$ 196,414 90,032 78,882 5,000 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 -