RE:Q1 financialsPRG has reported Q1 financials: https://www1.hkexnews.hk/search/titlesearch.xhtml?lang=en and search for 02489
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GOLD PRODUCTION For the three months ended 31 March 2024 (the “Reporting Period”), the Group’s total gold production volume was approximately 220.4kg (or approximately 7,086.7 ounces), representing a decrease of approximately 4.4% as compared to that of the three months ended 31 March 2023 (the “Comparable Period”). The decrease in total gold production was mainly due to temporary pause of mining activities of the underground mine during February 2024 as the supply of explosive was restricted as well as underground mine staff were on annual leave in celebration of the Chinese New Year during February 2024.
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.pdf page 12
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0524/2024052400156.pdf
It remains to be seen whether SJG mine (open pit and underground) will be able to produce the forecasted 34,195 ounces from the latest corporate presentation. So far, the milestones/timelines set by MJS for the IPO, mine expansion, production forecast from SRK Report and the purchase of new mining assets have not been met. A long continuous list of failure from the MGM
best
Richard