The RED production update is certainly sweet news. Some of the results look very good.
Recovery rate is the real winner -- 89.5% is far higher than previously, indicating a well run processing plant. I recall 77% peak back in early 2013, and it's closing in on standard max recovery of established mines.
Gold sales are reassuring because RED needed to move away from a low cash situation (assuming all in costs are well below gold sales receipts).
Volume of ore processed is looking good, but still a work in progress. The actual production (64.9 tonnes) was almost identical to my 34K/month estimate posted a while ago (see post link below). Remember that January would have been less than a full month production.
http://hotcopper.com.au/threads/ann....2448572/page-9?post_id=14685255#.VPivSUIz4Q4
But production remains well below the April 2013 peak of 2.5K tonnes/day (about 75k tonnes/month). But we'll get there. Williams explained previously that it will take several months to reach peak productivity.
The RED production update is certainly sweet news. Some of the...
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