GREY:RNKLF - Post by User
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Goalkeeper1on Oct 02, 2018 9:09pm
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Post# 28733966
RE:RE:To date, recovered 27000 oz / expect additional 30 - 35000
RE:RE:To date, recovered 27000 oz / expect additional 30 - 35000Ppl
With resumption of mining in the initial Father's Day Vein development area later this week, we will add additional production to bring expected total gold production from this area to 30-35,000 ounces. The cash flow from the initial ounces processed to date has allowed RNC to repay all of its debt facilities and, once the remaining gold shipments have been processed, will put the company into a substantial net cash position. The technical team continues to advance its work, having now extended the known sediment structures by a total of 540 metres from the Father's Day Vein structure to the 1250 Level of the mine (see Figure 4). The operational teams have begun jumbo development towards this targeted area. The team has also begun to analyze sediment opportunities in our Western Flanks shear zone. Their work has identified a number of additional targets, which we look forward to exploring in the coming weeks. RNC expects to provide final production results for the third quarter in mid-October," said Mark Selby, President and CEO of RNC
I'd say they upped it
Cheers
Gk1