RE:RE:RE:First Quarter Gold Production of 27,272 Ounces yogi33,
Last quarter, gold dore inventory dropped from $1.54 million dollars to $0.378 million dollars, so they sold more gold than they produced. On the other hand, copper concentrate inventories increased from $4.1 million USD to $5.5 million USD so they sold less copper than they produced.
At El Valle operating costs dropped from $20 million per quarter to $18.6 million per quarter in fiscal Q4 2018. This quarter costs should be lower than last quarter due to reduced capex and increased gold production.
As Don Mario transitions from Cerro Felix in 2019 to SART production from the oxide ore stockpile, AISC should go down due to much lower mining costs and increased copper, silver, and zinc by product production. SART production extends the life of mine at Don Mario to 2023.