RE:Video of KDX European Gold Forum April 5, 2017
When it was in production, the Hollister Mine produced 80,000 ounces of gold a year at a grade of 1.3 ounces per tonne.
https://www.321gold.com/editorials/moriarty/moriarty070314.html
I agree that hollister is looking good with the reduction in electric power and transportation costs that are now available.
However, there was no indication of the minimum GEO equivalent ounces that this mine could now produce.
Bearing in mind that Great Basin Gold were extracting 80k ounces at 1.3 ounces / ton, it would be helpful to hear that KDX could at least match, but hopefully exceed this output?, after the mine plan has been released in 2017 Q2?.
In the light of the implications arising form the change in accounting policy, Paul Huet felt obliged to clarify that this had no production implication. By the same token, it may have been prudent to comment that the $80m investment would at least pick up production at levels being achieved by Great Basin Gold.