Post by
Mongoose123 on Apr 28, 2010 8:44am
Berezitovy Production
Berezitovy did not produce 87 k ounces during the last quarter of 2009 as reported in the post by ccharlwood. In fact it produced this amount for all of 2009. Therefore the potential impact of the crusher problem at Berezitovy during February represents at most a potential loss of approximately 7,500 ounces of production (not 29,000 ounces). And has been pointed out by others this lost production is essentially defered to later in 2010 at a potentially higher gold price. The overall impact to HRG's first quarter 2010 results is not dramatic.
Comment by
bart_dc on Apr 28, 2010 9:30am
Indeed Mongoose, Berezitovy production is 87.4 for the whole of 2009Q3 was 22 K for example.Impact won't be felt. The production decrease probably came from other Severstahl subsidiaries.How come we didn't hear anything about the removal of the pledge on our financial investments?The 90-day period should have ended already, no?Best regards,Bart
Comment by
ccharlwood on Apr 28, 2010 11:51am
Yes, you are right Mongoose. sorry for the mistake. Better news even.
Comment by
yakman on Apr 28, 2010 11:58am
I sent an email question to HRG about this two weeks ago asking when we would here news on if the test had been completed. I have heard nothing back. Recently they had been pretty good at responding.Maybe we need to ask Royal Gold if they have been notified. As i believe it was through them that someone noticed that HRG had informed them the test was about to start.
Comment by
hrgagogo on Apr 28, 2010 3:22pm
My gut feeling tells me that this and any other positive news will come out after the Troika buyout. At what price do not know, but the fact that the pps is being kept at .80 could reveal something, who knows.