The other impressive feature is that as the expansion takes place, forecast cash operating costs reduce significantly. This will definitely prick the ears of major gold players looking for new opportunities.
The announcement also mentioned Carosue Dam production throughput could even reach 4m tonnes p.a. (versus the previous expectations of 3.2m), it seems SAR has some further upside in production capacity to announce in due course.
I'm extremely happy with today's news!!
SAR Price at posting:
44.3¢ Sentiment: Buy Disclosure: Held