Conference call
"Bermingham will transform Keno Hill.We stumbled into a deposit that we see no bottom to yet and we are drilling down 500 meters." Clynt
"Positive operating cash flow-rare sight for a mill in the optimization stage."
Bellekeno experience has been pleasant.
Remain on track to cross cut ore at F&M -within 120 m.
At Bermingham we are at 1150 level and we are within metres of the first ore blocks.
1700 g/t ore there.
Underground rates are slower than forecasted but we are improving and happy with where we are at.
The mill is responding to the ore that is being delivered.
The majority of construction have all been completed and ready for scale up in Q3 and Q4.
Experience at the mill has been excellent-93% recoveries.
We are increasing efficiency and payability.
Bermingham Deep-four drill rigs operating-20,000 m underground program-over 60% done now.
50 intercepts is the target and that zone is 400-500 m long.
We are deliberately drilling to enhance the resource for an indicated category.
We hoped to have drill results ready but quality issues at the lab from routine retests.
Extremely high grade gives the lab problems.
New resource includes Bermingham and drilling in 2020.
For us it is about execution and hiring the experienced workers needed.
Q and A:
Ramping up production-fully confident we can push the mill in Q4 and into Q1 2022.
Recoveries ? The mill is operating as good or better than expected. The last month we have 94% recoveries which is an excellent response.
We are transitioning from Bellekeno but we have the same expectations going forward.
That mill is operating from the Bellekeno ore availability. It has worked out pretty well. The last half of the year the supply of ore will allow us to
operate at a higher throughput.
176 tpd is not about mechanical throughput capacity. It is about the feedsource.
As we get closer to the end of the year we will increase production aligned with ore feed.
Costs are not changing. It is about revenues.
We have completed construction costs and now we increase revenues.
Recruitment and retention of experienced labour are the main issues.
We have plenty of ore from Bellekeno so there will be no pause in production between ore sources.
30 days-or less-from Bermingham ore.
33 hits on target at Bermingham Deep.We are drilling 20,000 m -increasing drilling and we will have a result as we expected.
55-58 hole targets -increasing spending and drilling.
Positive operating cash flow-rare sight for a mill in the optimization stage.
Cash flow: Burn rate is driven by revenue -throughput continues to scale up towards the end of the year.
The output from Bellekeno has been 770grams. F/M - Bermingham grades will decline slightly initially and then climb rapidly.
Bermingham will transform Keno Hill.We stumbled into a deposit that we see no bottom to yet and we are drilling down 500 meters.
Bermingham is right next to 100 plus million oz deposit Hector Calumet.
My interest is highly piqued as what will be the future results.