Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.

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Core Gold

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Comment by AlfTanneron Mar 08, 2016 12:57pm

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Post# 24634961

RE:RE:RE:RE:RE:PDAC Pavillion

Tad, thank you very much for the update. I find the 400 tpd figure to be extremely disappointing. We are at the end of Q1, and they still seem to be unable to increase production. The increase was originally promised for Q4-15, and then we were supposed to definitely see an increase in Q1. Still nothing. How can we have any confidence that there will be an increase in Q2? And they need to increase production DURING Q2, not just by the end. There are debt payments coming due, and it sounds like they are barely scraping up enough cash to just pay the bills.

It almost sounds like trying to increase production using the Dynasty Gold Fields project is an act of desperation. Have they given up on increasing production in the current mine? Is there some reason that production has maxed out? Yet another promise of increasing production NEXT quarter is a bad sign.

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