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clock Created with Sketch. 14/02/24
15:50
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Originally posted by nordesmic
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The main reason is that production for the next couple of years has been downgraded by 10-15%. Their growth ounces at Copler have effectively been deferred to 2026 because they are now planning on building a higher recovery grind/leach conventional processing circuit, whereas previously they were planning on using heap leaching. Grind/CIL has recovery >80% where heap leaching is ~60%. Obviously there is capex associated with building a grind/leach circuit that the market hadn't anticipated. They did say that the capex will however displace (push out) longer dated Copler growth projects (C2).
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Hey @nordesmic
