Antero Resources Corp T.AR

Primary Symbol: AR

Energy Oil & Gas E&P

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.

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Comment by pppon Jan 18, 2024 9:26am

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Post# 35833278

RE:Why

They told us Dec production. From what I see they shut the mill down first haif Jan to do upgrades.

Overall, the daily average mining rate increased by 25% in December compared to the third quarter average.
With additional mobile equipment scheduled to arrive in H1 2024 along with the installation of the fleet management system, management expects daily mining rates to increase into the 65,000 tpd range in 2024, in line with the current NI 43-101 technical report for the Magino Mine.
In parallel with the increase in the daily mining rate through the fourth quarter, gold grades mined have also increased, resulting in the average grade milled, on a monthly basis, increasing from 0.69 grams per tonne in October, to 1.02 grams per tonne in November, to 1.07 grams per tonne in December.
Mill throughput rates remained below nameplate in December, averaging 9,240 tpd, however, a scheduled mill shutdown in the first half of January 2024 is expected to support the continued increase in mill average daily throughput to the nameplate of 10,000 tpd.
The infill drill program underway to convert Mineral Resources to Mineral Reserves is proceeding well, having completed approximately 27,000 metres through the end of 2023, constituting 43% of the planned program. The program is expected to be completed on time in June 2024. The goal of the drill program is to add between 500,000 and 1 million ounces to Mineral Reserves, based on the conversion of existing Mineral Resources. A second phase program is expected to continue through the end of 2024.