First pour at Haile - 445 ounces
Wow -- First pour already. Just think about what the 445 ounces in the first three bars is worth. The crew looks proud and with good reason. OGC is delivering on their plans.
It will be interesting to see how the market reacts tomorrow., OGC has projected 150,000 - 170,000 ounces from Haile for this year.
They state that completion of commissioning and declaration of commercial production will be early in the second quarter. Until then, production and costs are capitalised and reflected on the balance. Not sure exactly what that does to the bottom line but I know what increasing ounces does to the top line.
https://www.oceanagold.com/wp-content/uploads/2017/01/170120-OceanaGold-Haile-First-Gold-Pour-News-Release.pdf