TT, it comes down to grade mined. Higher grades = more silver for the same work. That was highlighted in the 7th May preso. Grade mined forecast to increase to 81g/t from 64g/t.
I was surprised that the recoveries weren't forecast to improve with the new crusher - but still at 58%. An improvement there would be fantastic.
The production costs should be mostly variable, so just producing more at the same grade/recovery will just cost more, few economies of scale.
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