The reserve upgrade is just below the projected 400K ounce mark the company had earlier touted. Although adding an extra 250K ozs in 2018 (including depleted stock) is a strong result in anybody’s book.
With current and forecast high gold prices and a decent hedge in place the coming year promises to be very positive for Moy.
Ann: 70% Increase in Ore Reserves at Nullagine, page-4
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