From the arrow head report. page 4.
New processing plant lease to reduce costs and increase productivity: In January 2014, the company
signed a three-year lease agreement for a 200mtpd CIP Gold Circuit plant. The plant is located
185km from the Torrecillas mine and is expected to commence operations from April 2014. The plant
is expected to reduce processing costs more than US$200/oz and increase gold recoveries
(compared with a 15% loss from the existing toll treatment agreement). The plant will also enable
the company to process ore recovered from new additional projects.
So a brand new processing plant is set up and instead of continuing on with the lease they get cashed up by silverstream and buy the place. Nice one!
I was under the impression that this plant that they got was a few years old but ifs this new then the machinery should be able to process more units and hopefully less likely of needed downtime maintenance from old age.
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