NYSEAM:ANV - Post by User
Post by
BREAKtheCOMEXon May 19, 2014 1:34pm
320 Views
Post# 22575600
Gold Recovery
Gold RecoveryLooking at the metal production in the first quarter compared to the amount of gold placed on the leach pad, ANV's new production staff is having a beneficial effect on gold recovery. 2012 and 2013 saw gold recoveries of under 40% and silver recoveries under 10%. Q1 2014 data shows recoveries of 56% and 13% respectively from lower grade material. If we apply these improved recoveries to the 2013 mining data it results in 88,198 more gold ounces produced and an additional 373,239 ounces of silver. Using todays gold price that amounts to $122,122,636 of additional revenue. I doubt the mining cost would go up much due to the improved recovery efficiency (perhaps the crusher did help some in the first 1/4). With reduced staff levels and improved efficiency of the rope shovells and 320 ton trucks weshould see reduced costs for 2014.
Interesting side note, 2009 gold and silver recoveries were 20% and 2.5% respectively indicating there is twice as much gold on the leach pad in these areas than the gold we are currently mining. Is re-mining these tailings feasible?