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Ann: Indaba 2017 Presentation, page-13

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MagicSeven

597 Posts.

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07/02/17

18:59

Post #: 22436723
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Originally posted by Yeatesy ↑

M7,

32.5kt is unlikely to happen in 2017. My understanding is that they are currently producing at a rate of 55-60t per day as the remedial works are on hold to after the end of the wet season( April) The ILS pond is not back on line to full extent and the tank leach is still being phased in. They are still capital works to do which will hit the AISC to some degree.
Production in the first quarter will likely be around 5000t. They will be scaling up to the 8000t plus run rate in Q2 so production may be around 7000. Assuming running at full name plate by start of Q3 then
I would expect about 29,000 t max for 2017.

The next 5 months are going to be about getting back on track and production optimised. It is the second half that the dollars will start flowing (yes, copper price dependent)

Yeatesy.

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That's what I'm saying all the time (but I expecting just around ~27kt, 5.5/6/7.5/8) and than some of your thumbs bashed against me when I was quoting that they aren't able (and also isn't mention in their outlook 2017, page 13!) to meet the 32.5kt in 2017.

But nice too see that your thumbs now have understand they case..

TGS Price at posting: 4.1¢ Sentiment: None Disclosure: Held
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