Manuka continues to plan for a transition from its current Mt Boppy gold production to Wonawinta silver production from mid-September with production to commence inOctober2021.Initial silver production feed will be from various stockpiles on site, the majority of which are adjacent to the mill (these comprise over 500,000t1),as well as others nearby on the Mining Lease (“ML”. Processing of the various stockpiles will continue for 9-12 months (ending Q3 2022)and is expected to yield 125-130k oz per month of silver, following which the processing of ores mined from the open cut pits within the ML is expected to occur.
After costs, this equates to just under $8M per quarter. Not bad for stockpiles.
MKR Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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. Processing of the various stockpiles will continue for 9-12 months (ending Q3 2022)and is expected to yield 125-130k oz per month of silver, following which the processing of ores mined from the open cut pits within the ML is expected to occur.
(20min delay)