Translation: Gold production in the September quarter should have been 11500 ounces if it had turned out like the phase 3 grade control model predicted.
Now gold production will follow the pattern from earlier in the year, grade will go up but phase 1 and 2 have lower grade than phase 3 was supposed to have. 8500 ounces per quarter.
Troy could further increase production by going up from 130k tonnes of ore to up to 210/220k. I wonder if it makes sense to just continue feeding 1/2 mineralized waste though as it prolongs open-pit mine of life.
TRY Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
