Might be notification of operations shut down until end of the year. Lets hope the silver price can increase a bit in the interim...
The Company expects to finalise its fundraising in October 2013. Subject to the completion of this fundraising, the Company expects to shut down operations at the Twin Hills Mine in Texas, Queensland in October 2013 and undertake the required upgrade to the crushing circuit. Capital projects designed to reduce operating costs will be ongoing up to the end of the 2013 calendar year. Upon completion of the upgrade to the crushing circuit, the Company expects to ramp-up production volumes in the December 2013 quarter, to an annualised volume of 1.2Moz of silver for the 2014 financial year. INFORMATION ON CURRENT DIRECTORS
AYN Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held