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Bullboard - Stock Discussion Forum Glen Eagle Resources Inc GERFF


Primary Symbol: V.GER

Glen Eagle Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mining properties. The Company is engaged in the production of gold and silver from the purchasing and processing of material in Honduras. Its activities also consist of owning mining concessions in Honduras where it intends to proceed with an exploration and evaluation... see more

TSXV:GER - Post Discussion

Glen Eagle Resources Inc > year end fin.filed
View:
Post by Scanner454 on Apr 29, 2022 9:15pm

year end fin.filed

i see on sedar that year end financials for 2021 are filed....friday night reading ahead
Comment by lamothze on Apr 30, 2022 2:14pm
During the fourth quarter, the plant operated 61 days with 48 tons per day as an average while, management targeted 77 days at 70 tons per day witch gave a 54% usage of plant capacity (In 2020 – 30%).
Comment by lamothze on Apr 30, 2022 2:22pm
During the fourth quarter, management started to increase the volume of production as equipment spare parts receiving time increased due to the international situation, the recovery of material was reduced to 53% with an yearly rate of 59% compared to 57% in 2020.
Comment by lapiastre on Apr 30, 2022 4:15pm
back in october they were pumping the sh''t up by announcing a material recovery of 88%. They should audit all their news release going forward imo, so they would be realistic.
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