Q2 production figuresA quick take on the Q2 production figures.
Production stood at 13.8k ounces, in line with expectations but the Eagle River mill was a month off due to bad weather conditions where they missed to my calculation almost 5k ounces.
So very good performance on only two third of the time.
Gradings in the 3mines were very good, 11.1g/t for Eagle River confirming Q1 gradings, a very strong 3.7g/t for Mishi and Kiena went mothballed with a bang, a hefty 4.6k ounces at 3.9g/t.
they sold 14k ounces, bringing Q2 revenue to $20.4mio and WDO keeps 10.3k ounces of gold in inventory, worth $13mio
they have 100.000 tonnes stockpile at Eagle River good for around 10k ounces
very good second quarter in my opinion, which is showing the underlying strength WDO has
costs are expected to drop for the remainder of the year with production gearing up. this company is mean and lean. upgrade of the mill is of importance
longer term WDO has done a great deal with buying Windarra (Mishi expansion)
Trappist