Almonty Industries Inc T.AII

Los Santos

[blueskies]

On Los Santos, I know they were processing tailings; however, no revenue from them in 2021. I believe the forecast was for revenue to begin from Los Santos again in 2022. Curious to know of this has started yet or not. I don't recall seeing any updates on it. 

Q1 financials should be out around May 15, maybe an update on Los Santos included there and an update on Sandong along with Q1.

[blueskies]

Looks like from today's financials the processing of tailings at Los Santos and any related revenue has been delayed until 2023, allowing time for a $1 million capital upgrade before processing restarts. 5ilverlining808, I think that completes our discussion on Los Santos until next year. Good to see Panasqueira making money for Almonty as their lone mine currently producing. No hopefully it

[TELEMARKER]

from MD&A "During February 2020, management implemented a planned closure of Los Santos’ operations by placing it into care and maintenance. This was done for two main reasons: 1) The Company is planning to reopen operations in early 2023 once it has finalized plans to modify the plant’s infrastructure, through a EUR one million capital expenditure, which is expected to result in

[5ilverlining808]

@blueskies. That is the best double hit Almonty could ask for next year. Sangdong and Los Santos. So then after Sangdong is humming the VAL project should take shape. Three "working mines" and one more to come. Thanks for pointing that out about Los Santos, and it does look better now for that project than it did before now.