Re: Record Annual ProductionVery nice :) This news release provides some answers as to K92's relatively insistent recent romp through the $7 range, and it's interesting dipsy doodles throughout much of the $8 range. More to come this year, I'm sure :)
Some of the highlights from the news release:
Record Annual Production, Achieves Guidance, Record Ore Mined, Ore Processed and Development* * *Strong quarterly production, the second highest on record, of 35,538 oz of gold equivalent (“AuEq”)*^*(1)* *or 31,204 oz gold, 1,827,085 lbs copper and 40,517 oz silver and quarterly sales of 35,212 oz gold, 1,923,116 lbs copper and 44,828 oz silver.* * *Record annual production, increasing 18% year over year, of 122,806 oz AuEq or 107,546 oz gold, 6,247,950 lbs copper and 126,043 oz silver, achieving the guidance range of 115,000 to 140,000 oz AuEq.* * *Record quarterly ore processed of 121,686 tonnes or 1,323 tpd (“tonnes per day”), a 22% increase from Q4 2021. Head grade during the quarter of 8.75 g/t gold, 0.74% copper and 13.31 g/t silver (9.98 g/t AuEq) with metallurgical recoveries for gold of 91.2% and copper of 91.8%.* * *Record daily mill tonnes processed achieved on December 25, of 1,714 tonnes and record monthly average mill throughput achieved in November of 1,382 tpd, above the Stage 2A Expansion run-rate of 1,370 tpd. Importantly, the records were achieved prior to commissioning of a major Stage 2A Expansion plant upgrade, the flotation expansion, with its commissioning planned for Q1 2023.* * *Record overall mine development of 2,221 m, an increase of 45% from Q4 2021, and significant advancement of the twin incline in Q4, with incline #2 (6m x 6.5m) advanced to 1,843 metres and #3 (5m x 5.5m) advanced to 1,811 metres as of December 31, 2022. Twin incline advancement in 2022 exceeded budget by +52%.*