Australia's largest stock trading and investment forum Australia's #1 stock forum

BDR

Click for more information

0.00%

6.5¢ beadell resources limited

Ann: Tucano Plant Upgrade and Production Update, page-5

First 5 Last

Share
Profile

Follow
Ox270

1,411 Posts.

233

22/11/18

10:44

Post #: 36599096
Share

Originally posted by Rleonars: ↑

Production is forecast to be at the lower end of guidance and costs are forecast to be at the higher end of guidance due to issues with the spargers that inject oxygen into the leach tanks, limiting the ability to increase sulphide ore through the plant without adverse impacts to recovery.

2018 FORECAST

Tucano site personnel have made the decision to defer processing of high volumes of high grade sulphide ore until the issues with the spargers are resolved so that recoveries are not unduly impacted.

If installation of new spargers is required then CY2018 production will be at the lower end of guidance of 125,000 to 135,000 ounces and AISC will be at the higher end of guidance of US$1,000 to US$1,100 per ounce (June Quarterly Report) due to the deferral of processing stockpiled high grade sulphide ore into 2019...

Good luck guys.

Expand

Granted this is disappointing but looking beyond the next 6 months which is a write off so to speak can anyone clearly explain why management believe selling out to Great Panther is better for BDR sholders in the long term? Ox

BDR Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BUX

Buxton projects new graphite province discovery at WA Narryer play

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

There are more pages in this discussion • 12 more messages in this thread...

First 5 Last

Add BDR (ASX) to my watchlist