Goarmy,Where do you get your figure of 8,200oz from?The company...

Goarmy,

Where do you get your figure of 8,200oz from?

The company have been saying for a while now that the production from Engenho is likely to be 25k oz per annum which would be 6,125 oz per qtr. Add in 1,500 oz from Torrecillas (which seems to be the best case for trial mining) and you come to 7,625 oz.

I agree with the general sentiment of your post that the quarterly production figures are a bit of a disappointment. I was hoping for at least 7,000 oz and they have come up 10% short of that. Once they strip out all the costs I fear we are still waiting a couple of quarters at least for that elusive profit.