Gold output is expected to re-commence in November and is anticipated to increase monthly
into 2019. To achieve this, another sub-level at 1950m RL is planned, together with new levels
below 1930m RL. This will allow production from a number of main vein locations at any one
time and also provide access to additional zones of narrow cross cutting veins. Upgrading of
the processing plant to accommodate increased production is in progress.
Further investment has been made in machinery aimed at improving the efficiency of mining
and increasing the plant throughput rate by 100 % while also increasing the gold recovery rate
by up to 10%. The equipment is currently in Customs awaiting clearance. Gold sales are due to re-commence in the coming weeks.
Who would be silly enough to sell now??
CGN Price at posting:
2.3¢ Sentiment: None Disclosure: Held
