Using co-product costing the mine produced 5935oz gold equivalent in April @ a cash cost of US$531 per oz.
Considering they were producing at half the desired rate, they could be potentially producing the equivalent of 11870oz once operational issues are sorted. That gives a per annum margin @ current gold price of US$142 million. That doesn't include extra savings by running the mill at full capacity.
They recently got up to a 910tpd peak, so it would seem they have a good handle on things. Let's hope the shutdown in June does as they expect & brings the tpd level up to 1100 as promised. I expect a very nice re-rating if all goes to plan.
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Using co-product costing the mine produced 5935oz gold...
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