RE:Expect another revenue increase this quarterYes cash costs will come down further while revenues will increase again during this quarter. And the cash and equivalents of $14 million in the bank will increase again. The Bisa loan will be ammortized by the end of the 4th quarter. Cleaning up the books nicely. A no brainer
"Expect another production increase next report for Q3. Keep in mind that full production of dore bars at Don Mario never had a full quarter of production during ramp up. Production of gold at Don Mario alone should increase at least 30 percent. And they were exceeding the 80 percent recovery they targeted.
Expect another production increase next report for Q3. Keep in mind that full production of dore bars at Don Mario never had a full quarter of production during ramp up. Production of gold at Don Mario alone should increase at least 30 percent. And they were exceeding the 80 percent recovery they targeted.
Carles mine (third Orvana mine) was still in ramp up also with the new explosives permit with high grade gold of 2.5 g/t ~. The main increase of gold production will come from Don Mario with the full quarter of higher recoveries from the CIL project beyond the targeted 80 percent. They only reached that the end of quarter 2.
They stated free cash flow by Q4 (and were not far off at Q2’s end), however they will likely reach this by Q3 quarter with the increased revenues."