What is most important for Casposo, is that the last month in the Quarter, ASIC were US $962 per ounce (as the major mine development was completed). Also all the ore is now sourced from underground with higher grades. This coupled with higher recoveries (further improvements to come) means that TRY is going to keep making money. With the majority of its silver hedged until April next year, it will be able to ride out the turbulent movements in the gold price, which will lead into the Guyana project coming online with its ASIC costs of $600.
Hopefully TRY and keep making even more savings on the Guyana project, as the less debt they have to use the better.
TRY Price at posting:
62.0¢ Sentiment: Hold Disclosure: Held
