GREY:OLEPF - Post by User
Post by
tony1969on Feb 12, 2013 11:18pm
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Post# 20978728
TGZ 2013 grade mined guidance.....
TGZ 2013 grade mined guidance..... From TGZ's latest release that can be found on their web site.
2013 GUIDANCE
| | | Year ending December 31, |
| | | 2012 | 2013 |
| | | Actuals | Guidance Range |
| Operating results | | | |
| | Ore mined | ('000t) | 5,915 | 4,000-4,500 |
| | Waste mined | ('000t) | 22,962 | 31,000-32,000 |
| | Total mined | ('000t) | 28,877 | 35,000-36,500 |
| | Grade mined | (g/t) | 1.98 | 1.40-1.60 |
| | Strip ratio | waste/ore | 3.9 | 7.00-7.75 |
| | Ore milled | ('000t) | 2,439 | 3,300-3,400 |
| | Head grade | (g/t) | 3.08 | 2.00-2.15 |
| | Recovery rate | % | 88.7 | 89.0-91.0 |
| | Gold produced | (oz) | 214,310 | 190,000-210,000 |
| | Gold sold | (oz) | 207,814 | 190,000-210,000 |
| | Total cash cost (incl. royalties) (1)(2) | $/oz sold | 627 | 650-700 |
| | | | |
| | Mining (cost/t mined) | | 2.71 | 2.50-2.70 |
| | Milling (cost/t milled) | | 20.39 | 19.00-20.00 |
| | G&A (cost/t milled) | | 6.16 | 5.00-6.00 |
| | | | |
| Capital Expenditures | | | |
| | Mine site | $ millions | | 20.00-25.00 |
| | Capitalized reserve development | $ millions | | 5.00-10.00 |
| | Gora development costs | $ millions | | 45.00-50.00 |
| | | Mobile equipment | $ millions | | 30.00-35.00 |
| | | Site development | $ millions | | 15.00-20.00 |
| | Capitalized deferred stripping(2) | $ millions | | 35.00-40.00 |
| | | | |
| Exploration (expensed) | $ millions | | 10.00-15.00 |
| Administration expense | $ millions | | 15.00-20.00 |
| Hedge deliveries | (oz) | | 59,789 |
Looks like their grade mined for 2013 will range be 20% less (1.60 g/t) to 30% (1.40 g/t) less than the 1.98 g/t they mined in 2012.
No offense Tree or EH1 but shouldn't the grade be trending up instead of dramatically down for a company with such optimistic goals? As parks says. How many ways can they spin this?