RE:Gold sales! Cash flow of 8.5 million! Going to flyJust got this emailed to me from the company:
https://www.youtube.com/watch?v=Qa36W-3fZns&feature=youtu.be FIRST GOLD POUR!!!! News is out ....great results from the first month of
ramp up processing....@Metal10 indeed - $8.5M in cash already in hand from sales of gold and silver!
"....
remains on track to produce approximately 60,000 ounces of gold in 2020 at cash costs of circa $500 per ounce.
But I love the last line from the CEO most: "We have now increased our mining rate and we plan to increase our gold and silver deliveries as we move out of the ramp up phase"
For those that have been comparing STGO to KNT.....If memory serves, I believe KNT delivered around 2500oz +/- in their first month....so this is HUGELY promising start. Well done to the STGO team for executing, and in an unprecedented, very tough environment no less. Great first month. This is the news I've been (long) waiting for!
GLTA invested.
Chony