Interesting announcement:
Positives:
Silver is building up in the leach circuit
Waste Rock mined is dropping as a proportion of ore mined
Closed out a hedge.
Negatives:
June production down on May production despite the Ball Mill coming on stream
Had 12 days delay due to bad weather (may as well say 50% of June was affected)
The main concern I have now is cost control - they need to get monthly costs above monthly production - now that the Ball Mill is completed and an improved retort is on the way I hope that's the last of it.
Everything is really hinging on the Price of Silver coming up. Without that we are really going to struggle.
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