Interesting news release over the last few days from a Canadian company which owns a mill and mine in Western Australia .They were planning to expand their mill(higginsville)to increase annual gold production from 100to 200 thousand ounces per year .They have stopped this expansion for now because of the extreme difficulty of finding and obtaining equipment to expand their mill and the extreme inflationary environment currently happening both in terms of buying equipment and increases in financing costs ,to de risk the project they are buying another existing and operational mill in Kalgoorlie .
Quite obvious that their will be HUGE difficulties for DEG to permit and build a 400,000 ounce per year production facility in the Pilbara in this current environment ,probably well nigh impossible and will likely go way over projected costs and timelines.
Not seen anything from DEG management about such issues.
Chart - TA, page-2628
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$1.38 |
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Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.35 | $7.060M | 5.145M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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