X64 ten sixty four limited

Production running 10% higher?

  1. 174 Posts.
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    Last we heard last Autumn, the Medusa mill was running at approx 55% of capacity. This was before E15 shaft was completed and in use. In the news release today on the Royal Crowne Vein the mill is said to be running at approx 60% of capacity. So this would be 10% higher or +10,000 oz/pa run rate? This would be a welcome increase and to be expected with potentially more to come.

    "The Co-
    O mill has a capacity of 2,500 tonnes per day and is currently operating on a campaign basis representing approximately 60% total capacity. Medusa is exploring a number of opportunities to increase mill utilisation, including from the advancement of deposits within the MPSA such as the RCV deposit."

    If this is confirmed in the Q3 production report to be released soon then we should see quarterly production and FCF moving up with further improvement in the current Q4.
 
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