RE:new reserves
This met my expectation. Cordero already has more ounces compared to the El Limon deposit! And don't forget that Cordero is still open on strike and at depth. They still add more ounces than they produce. I hope Soma can at least double (to 500K oz) the current resource at Cordero.
This resource estimate & PEA guarantee production in the coming years for Cordero! This will generate a lot of cash flow which they can use to grow.
I think the drilling results up to 06-2022 are included in this resource estimate. I expect them to be at 750K+ oz around the end of 2024 if they speed up the drilling program a bit later this year. With this increase we would be at 80-90K oz production in early 2026.
Hopefully we'll get the announcement of commercial production for Cordero later this month.