GREY:ELGMF - Post by User
Comment by
borepson Aug 13, 2012 5:02pm
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Post# 20212580
RE: RE: Look at Sabina...
RE: RE: Look at Sabina... I think the higher cost mining was taken into account. From the beginning the measures for cost reduction were introduced.
That included control over grade dilution by reducing the stopes, grade control drilling, getting rid of contractors. It is possible that we will see the higher production cost due to these measures. The results are promised by mid September. With the 2nd Qr numbers we should see if the total production of 41 thou. Oz. remains intact. Previous qr. the operation margin was 21%. The insiders selling in July have been minor and we do not know why Kowalishin beeing replaced.
We should have the results soon.