All that money
Jerrit Canyon. How many millions have AG been putting into exploration and infrastructural development that has effected the bottom line for 1.5 years now?
JC has been where the company has spent inordinate amounts of cash but therein lies a 3 million oz + Au resource within a tier-one jurisdiction.
August 1st, 2024 presentation
Jerritt Canyon :
1.83 million oz. of gold . 1.9 million oz of gold inferred / GSR @ 88:1 = 328 m oz Ag Eq resource
$10m USD 2024 exploration budget focused on new discoveries
Continuing the optimization of the processing plant , metallurgical recoveries and bulk mining / cost-effective mining methods
Gold will rise to price levels where JC will run profitably. JC was running @ 6.2 m oz Ag Eq production per annum
Going forward, the Company will focus on the following:
• Explore for new regional discoveries and expand current known reserves and resources.
• Analyze the optimization of bulk mining and cost-effective mining methods.
• Conversion of inferred and indicated resources into measured resources.
• Reduce mining costs through adopting self-perform mining and improve contractor rates and terms.
• Continue modernizing the processing plant to be able to better withstand severe weather conditions.