RE:RE:RE:RE:RE:RE:Will the company issue a news releaseHere we are, almost at the end of February, and it seems that the production from the BL mine ended around the first week of December, and the QR mill has been in a “maintenance mode” since January.
That, IMO, doesn’t bode well for production for the fourth quarter of the 2014/2015 fiscal year.
On the plus side, when the year-end financials are finally released on June 29, 2015, it’ll be easier for interested individuals to figure out the production as, no matter whether expressed in troy ounces, imperial ounces, tonnes or tons, under a thousand ounces, troy or imperial, won’t be a drop in the bucket compared to the ongoing expenses.
And (tsk, tsk), as of May 31, 2015, there’s the minor mining matter of the Sprott payments due on May 31, 2015 (the cash equivalent of 8,335 ounces of gold). IMO, I doubt that BGM will be able to mine and mill 8,335 TROY ounces of gold by May 31, 2015.
Will the BL be able to start up on March 1, 2015? Will the pit floor be under six feet of ice and snow? Will the configuration of the pit have to be changed to remove overburden (mining permit allows about 350,000 tonnes, and they’ve almost reached that) to increase the access to more ore?
Will the tailings pond audit impede the start up of the QR mill?
With three months of no revenue, I’d presume that trade payables might be getting a bit antsy, hmmmm?