Hi all,
New to RSG. Trying to get my head around ongoing development works and timings.
As I understand it (please correct if wrong):
Syama - Underground
Operating mine, plant fed at present from low-grade stockpiles mixed with higher grade satellite mine ore.
Underground development ongoing.
Estimated completion for underground work Dec 2018 (?).
This should see a reduction in satellite mining (assumed) and increased grade.
Syama - Project 85
Process improvements to increase recovery to min 85%.
Ravenwood - Ravenswood Expansion Project
Conversion of mine to open pit. Completion 2020 (?).
In meantime, processing ore from satellite mines.
Not sure exactly the scale of upside here, or timings. Confused.
Bibiani
Feasibility Study completed.
Resource definition drilling ongoing (?)
My assumption is that they are working to (A) establish the size of the resource and confirm decent (10 yr?+) initial mine life (B) complete Syama underground and REP, before committing to re-open.
John Mellborn has on occasion over the past 12 months mentioned that he sees RSG being a 5 mine operation. What are these mines? Existing or future development/acquisition?
Feedback appreciated.
P.S. Sorry if these have already been covered elsewhere, I have scanned a lot of RSG threads but they are mostly crystal ball gazing on the price of gold and lamenting share price performance.
Cheers,
M
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