Has anyone else noticed that the Scotia mining centre is not performing to expectation in terms of grade?
My research suggests the following:
Scotia mining grade - 45% below reserve over last 6 months of mining
Prev QTR 1.9g/t
Last QTR 2.0g/t
Reserve 3.6g/t
DFS 3.6g/t
PNR last quoted reserves of 163koz @ 3.6g/t
Green Lantern mining grade - 18% below reserve over last 3 months of mining
Prev QTR 1.4g/t (with LG stockpile of 0.77g/t)
Last QTR 1.1g/t (with LG stockpile of 0.84g/t)
Reserve 1.3g/t
PNR last quoted reserves of 185koz @ 1.3g/t
What does this mean for the current reserves, will they be significantly downgraded?
Will the above behave similarly on the Scotia underground?
I may have missed a release by PNR in the past but please correct me if i'm wrong.
DYOR & IMHO
MQ24 Production and Cashflow Estimates, page-57
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