The announcement below (today)is regarding Troy....but it gives comfort to the fact that the wet season has been late / exceptional this year in that area (very close by to MUN)
Temporary Andorinhas Production Interruption Troy advises that a temporary halt to milling has occurred due to the failure of the mill motor at the Andorinhas Gold operation in Brazil. Initial indications are that a power surge during an intense electrical storm may have caused one phase of the motor winding to burn out. The motor has been removed and is being transported to the key contractor with the facilities to repair the motor. At this stage it is anticipated that repairs will take approximately fourteen days. The storm activity is part of an unusually long and intense wet season which has also impacted the completion of the construction of the second ball mill. Commissioning which was scheduled to commence in April is now likely to occur in May. Paul Benson, CEO of Troy said, "Mining is continuing as normal and every effort is being made to bring the plant back on line as soon as possible." For further
MUN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
