first gold pour date, page-28

Just because a company aims to produce 100000 ounces a year doesn't mean that they will be able to, especially without further capital raisings. I would guess more than 2/3 of gold miners make regular largely unsubstantiated statements about their plans for dramatically expanded production at some unspecified point in time, either through exploration or acquisition. I'm not saying it won't happen, just that the statement should be taken with a liberal dose of salt. The important thing is exploration results and successful commencement of production...