The Q2 2017 Results presentation lists 5 issues at Haile for commissioning (remembering the thing was built in time and on budget), 2 of the issues rectified in July at a cost of $250,000, new piping and tank at a cost of $700,000 in August, the next issue is a nil cost as warranty, and the last is a tuning issue that will be dealt with over time.
With production recovery at Haile getting back on track.
Great to see an open and honest summarisation of the issues, giving the market knowledge.
And on the other side of the ledger:
Reserves at Haile from 2 moz to 3.46 moz
Annual Production from 127 koz to 189 koz
Mine life from13 to 18 years
Net cash from $1.1b USD to $1.8b USD
And looking at the other operations, well personally I see nothing but glittering gold. from an extremely well run company!
OGC Price at posting:
$3.50 Sentiment: Buy Disclosure: Held
