TSX:LSG.DB - Post by User
Post by
bossuon Jan 22, 2016 4:24am
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Post# 24483136
About mine life..as per actual probable reserves
About mine life..as per actual probable reserves From last presentation :
Probable reserves December 31 2014
ounces
Timmins West 509 700
Bell Creek 263 600
Production 2015
Timmins West 140 000
Bell Creek 40 000
Probable reserves December 31 2015
ounces Production Mine Life (years)
Timmins West 369 700 140 000 2.6
Bell Creek 223 600 40 000 5.5
Needed probable reserves to expand mine life to 10 years (based on actual production)
Timmins West 7.4 x 140 000 1 036 000 oz ( From Gap 144 and M&I)
Bell Creek 4.5 x 40 000 180 000 oz From exploration and M&I)
I think it is about time to have Tony's game plan.
Note :Additional production will come from Gold River and Temex
Fenn Gibb in 5 years