Paste Fill Plant From the March 3rd Webinar
The Company has talked about getting to under US$700/oz by 2014. What gets you to that number?
A major component of the improvement comes from economies of scale. At the point we achieve under US$700 per ounce, we will be running at 3,000 tonnes per day – with very little change in the number of people and a very high proportion of our costs being fixed costs.
In addition, part of the benefit also comes from infrastructure. Basically, we are completing the construction of the Timmins West Mine and the expansion of our Bell Creek mill. With new infrastructure like an underground shop, paste fill plant and new, more efficient capabilities around ore handling and management, we are going to be more efficient in our mining and milling, which will lower costs.