highlights of OSK presentation at Denver Gold Foru Highlights from Osisko Mining's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Osisko Mining (OSK : TSX | HOLD, C$11.00)
• Presentation focused on some positives at Malartic, including increased mill throughput in August (43,073 tpd), increasing efficiencies and availability in mobile mine fleet, expected cost reductions with progress to lower benches, reduced contractor costs, etc.
• Trucks are running at approximately 80% availability.
• Crushers running at 45-50% availability. Commissioning expected to go to the end of October. Expected to run at 65% availability.
• Hammond Reef - feasibility study due mid-13 and complete permitting expected mid-to-late 2014. Decision at that time will be one of four options: 1) build 2) delay/shelve 3) joint venture or 4) sell. Game time decision in context of market and gold price late 2014.
• Running at 88% availability in mill; wants to be at 92%.
• Pebble crusher should help push throughput up; can process up to 400 tonnes per hour. Oversized for operation, but can use excess capacity to add flexibility (i.e., run excess ore through it while cone crusher liner is changed).
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.