RE:Next years ouncesminingman wrote: Take a look at the results for the first 3 quarters of this year. I'ts been an almost constant 90,000 ounces per Q, with a head grade of an almost constant 9 grams per toone, and 33-3500 tpd pushed thru the mill.
So for simplicity, we can expect 10,000 ounces per quarter per gram of head grade
Q4 wil likely be similiar....there are no gravy stopes to drag up the average mill head. So barring a sudden increase in tonnage towards 3800 tpd and an anticipated drop in grafde towards 7 or 8 grams, we MIGHT get 320,000 ounces next year.
Yes 3800 tpd would be an additional 10% but increasing tonnage in ANY gold mine tends to drop the mined grade
Paths and others. I most certainly did call for a SP of around $6 US about 12 months ago and I filed to see the increase in POG fromm around $1250 to $1500 . When the revised reserve numbers are released , I suspect the SP will sink to that level or lower.
And as the attached post from Nov 2019 shows , I clearly warned that mill heads of 7 or 8 grams was likely for Q4 2019 and year 2020. So paths , just to reiterate , some of us did see 8 grams coming and theres absolutely no gaurantee that 8 grams can be achieved
in H2 2020