re: Ann: Twin Hills Operations and Production... Today the market is imo understandably quite OK with AYN's production update yesterday, with the share price up a touch.
I once again wanted to have a look at how MMN fared with the project.
March 2007 quarterly: Commissioning commenced and the company expected to increase production over the next 3 to 6 months to an annualised rate of 2.5 million ounces of silver.
June 2007 quarterly: Numerous issues were mentioned which halted production until mid June.
September 2007 quarterly: Issues continued. As far as I could tell there was no mention of silver production but there was 25,700 ounces of "silver in solution inventory in the process ponds."
December 2007 quarterly: 46,000 ounces of silver produced, including 37,000 ounces in December.
March 2008 quarterly: 73,000 ounces of silver produced.
June 2008 quarterly: 131,000 ounces of silver produced.
September 2008 quarterly: 109,000 ounces of silver produced as issues continued.
My comments:
I think we would have to agree that it's like chalk and cheese imo comparing what happened with MMN - which failed - with AYN which did not commission the mine until the end of September last year and in the first 3 months after commissioning produced 109,000 ounces of silver.
MMN in the first quarter after commissioning had so many issues production was halted until the middle of the third month of that quarter!
re: Ann: Twin Hills Operations and Production... Today the...
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