They are not persisting with 50-55loz; see last week's RIU Explorers Conference presentation ( https://www.asx.com.au/asxpdf/20200220/pdf/44f8gwd2m1h5p1.pdf ) slide 22 has current company advice for Halls Creek production at 40-50koz:
• Currently operating two underground mines – Nicolsons and Wagtail North producing 40,000 – 50,000 Oz per annum.
• Unhedged as of May 2020 – full exposure to current gold prices.
• Focus on maximisation of cashflow to support growth at Norseman.
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PNR rated #5 gold stock to BUY on *, page-10
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Mkt cap ! $774.4M | |||
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