RE:RE:Production will be closer to 300k oz in 2017 ???It is like 15-20 % higher mostly because Midas and especially Fire Creek are not flat vs last year (per the guidance).
The apparent growth in production of Midas and Fire Creek on the 2017 production forecast chart merits an explanation.
As reported in previous years, the production of these two mines is always higher in H2. This disparity between H1 and H2 may be greater in 2017 due to the snow disruptions. It is possible therefore that Fire Creek and Midas production could be flat in 2017, as reported, but that the production has been further H2 loaded in 2017.
The chart is misleading in that there is no scale on the y axis and therefore the growth profile renders the chart of limited value.
Although the Midas / fire Creeek production distribution in 2017 may not have any relevance, the year end production from hillister is projected to be lower than TN. When it is considered that a mine plan for Hollister is due in Q2 (which could be any time from April), then it is of relevance that this high cost investment may only be producing half the gold ounces as it was when Great Basin were operating the project.
with the approach of "sel in May and go away" and the "summer doldrums" for miniers, the jury may still be out with regard to the timing if KDX's SP recovery.