American Bonanza Gold Corp ABGFF

Low Production

[shawk]

Production for the quarter was 13,479 tons for an average of only 150 TPD. This is well below the feasability estimates of 450 TPD and even further below the mill capacity of 700 TPD. Managment hasn't shared with us the reason why they are falling so short on production and if they have an action plan to get this plant up to at least the feasability study levels. I suspect the production shortfalls are due to a lack of UG development but don't know for sure. They must run the mill on the weekends only with this low tonnage!

[Z06]

Could you tell me where you found this out please?

[staolin]

  This is public report from the MD&A. Keep it mind it was far from a full quarter of production as it was ramping up and half the quarter had basically no production.   "During the quarter, 9,796 tons of gold bearing ore was mined with an estimated average gold grade of 0.29 ounces per ton.....   During the quarter, total material moved was 17,159 tons including the 9

[bizwiz]

Good to know... The problems most probably are temporairy. My current concern involves the large oil inventories which will signal not only a drop in the price of oil but also probably in gold . Despite being a novice (the name bizwiz is for the cheezy stuff ! ) I did grasp that historically the price of gold tends to follow the proce of oil at least once considering the market momentum in the

[bizwiz]

Good feed from the blog spot of tsx news. Difficult not to be convinced....