Market must re-rate soon income producer and like a chicken
Cheap annoucement just out.
FORECAST Q2 PRODUCTION FOR LAS LAGUNAS GOLD/SILVER PROJECT IN DOMINICAN REPUBLIC
PanTerra Gold Limited (ASX: PGI) (PanTerra Gold or the “Company”), advises that production for the current Quarter at its Las Lagunas project is on target to achieve US$13 to US$14 million of gold and silver shipments to refiners.
Halfway through the Quarter, production valued at US$6.5 million has been, or is ready to be shipped.
The Company expects a stepped increase in production in the third Quarter after an upgrade next month of the agitators in the Albion oxidation tanks.
The new, larger, agitators should significantly improve the efficiency of oxidation of the sulphide slurry, and as a consequence, recovery of gold and silver in the CIL circuit.
It is anticipated that revenue for Q3 will be in the order of US$18 to US$20 million followed by further increases in Q4 with continuing process optimisation. All up operating costs including financing costs, royalties and head office overheads attributable to the project are running in the US$7.5 to US$8.5 million range per Quarter.
