HighlightsThere was no mention of installations of the developmental equipment. Items of interest that I'm looking at are as follows:
1) The 34 km road which is nearing completion hooking Kakula to the airport - Ivn has stated that it should be completed by years end.
2) The underground work crews are presently at 6 and will be increased to 11-14 crews during the next 12 months
3) Currently underground development is 1,700 meters ahead of schedule
4) The Mwadingusha hydro plant is progressing well and ahead of past stated comments from Ivn
underground development is approximately 30% complete and surface development is approximately 10% complete
Ivn continues to state that initial production will begin in the 3rd quarter of 2021....with the increased pace I can see a start up by June of 2021
On a side note which I will use as a comparison Zijin has made a purchase offer to buy Continental Gold...this is a gold development company which is about 9 months out from first production.....as much as I hope IVN never gets bought out , as I could live quite comfortably on dividends....I think the Citic/ Zijin takeover will take place anytime after December 01 2020
looking