DRA Technical report, page 171....".The ATO Gold Mine achieved commercial production effective April 2020. For the fourth quarter ending December 31st , 2020, 1,531,790 tonnes of ore have been mined from the pit and 1,068,462 tonnes crushed and stacked ore under irrigation at a gold grade of 2.03 g/t Au on the heap leach pad (Cells 1 and 2) for 69,734 gold ounces stacked. The Company commenced stacking of Cell 1 in the fourth quarter of 2019 and Cell 2 in June 2020. Gold produced as of the 31st of December 2020 were 33,154 ounces or
47.5% recovered. An additional 170,130 tonnes were mined in the fourth quarter of 2021 for a total of 1,701,920 tonnes and 189,283 tonnes crushed, stacked and under irrigation at a grade of 1.91 g/t Au for a total of 1,257,745 tonnes at 81,357 ounces. No additional gold was recovered in the first quarter of 2021 giving an overall reconciled
gold recovery of 40.8%.."
My calculation was:
https://stockhouse.com/companies/bullboard/t.stgo/steppe-gold-ltd?postid=33683739 "..Recovery rate is, comes then = 0.68 g/t...Lost 30% of gold during leaching..."
And i'm confusing numbers how much oz gold/silver does Steppe produced & sold....Since Q2'20 announced official production startup, below table shows STGO produced 30k oz gold & 29.8k oz silver, then sold 39.2k oz gold & 14.4k oz silver......where half of silver gone? Ate? From where does Steppe bring additional 9k oz gold? from air? That's pretty interesting...
+ Site G&A steady increasing, for what? For the Management's "wellbeing"? Can't compare numbers...either numbers jumping up, then down or N/A....IFRS IAS 1 — Presentation of Financial Statements: IAS 1 requires that
comparative information to be disclosed in respect of the previous period for all amounts reported in the financial statements, both on the face of the financial statements and in the notes,
unless another Standard requires otherwise.
Comparative information is provided for narrative and descriptive where it is relevant to understanding the financial statements of the current period. Where
comparative amounts are changed or reclassified, various disclosures are required.... A bunch of misstatements there...IMO
| Indicators | MU | DRA's est. for 2021 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 |
| | | | | | | | | |
| Ore mined | ton | | 202,272.0 | 170,130 | 291,455.0 | 362,750.0 | 330,325.0 | 650,000.0 |
| Ore stacked | ton/yr | 1,160,303.0 | 244,402.0 | 189,283.0 | 206,703.0 | 207,663.0 | 164,287.0 | 650,000.0 |
| ROM survey grade (gold) | g/t | 1.6 | 1.9 | 1.9 | 2.3 | 2.2 | 1.7 | 1.83 |
| ROM survey grade (silver) | g/t | 8.6 | | | | | | |
| ROM AuEq grade | g/t | 1.6 | | | | | | |
| Recovery rate (gold) est. | % | 70.0 | 70.0 | 70.0 | 70.0 | 70.0 | 70.0 | 70.0 |
| Recovery rate (silver) est. | % | 40.0 | 40.0 | 40.0 | 40.0 | 40.0 | 40.0 | 40.0 |
| Gold in ROM ore | oz | 57,700.0 | | | | | | |
| Silver in ROM ore | oz | 319,200.0 | | | | | | |
| Gold produced | oz | 40,390.0 | 7,202.0 | - | 7,423.0 | 10,342 | 15,389.0 | |
| Silver produced | oz | 127,680.0 | 762.0 | - | 24,069.0 | 6,516 | 4,978.0 | |
| Gold sold | oz | 40,390.0 | 6,558.0 | 945.0 | 7,923.0 | 11,352.0 | 12,458.0 | |
| Silver sold | oz | 127,680.0 | 693.0 | 861 | 3,429.0 | 6,553.0 | 3,728.0 | |
| Cash cost | $ | N/A | 800.0 | N/A | 604.0 | 572.0 | 595.0 | |
| AISC | $ | N/A | 1,132.0 | N/A | 902.0 | 794.0 | 739.0 | |
| Corporate admin | US$ 000's | N/A | 2,100.0 | 2,100.0 | 2,403.0 | 1,849.0 | 1,682.0 | |
| Site G&A unit cost | $/t | 3.3 | 7.0 | 6.70 | 4.8 | 2.5 | 1.9 | |
| Processing unit cost | $/t | 8.7 | 13.7 | 11.23 | 8.7 | 4.06 | 3.9 | |
| Mining unit cost | $/t | 2.9 | 6.2 | 6.84 | 5.4 | 6.3 | 5.0 | |
| Net cash flow | US$ 000's | N/A | (2,103.0) | (6,588.0) | (5,857.0) | 14,064.0 | 5,092.0 | 1,119.0 |
| Financial cost | US$ 000's | N/A | 316.0 | (1,001.0) | (21,106.0) | (10,379.0) | (10,981.0) | (1,502.0) |
| Cut-off Grade (oxide ore zone AuEq) | g/t | 0.5 | | | | | | |