Someone asked the question about July gold production figures, which I too would love to know. Thinking about it, I must presume that the mill is producing an ore throughput up to expectations. The merger was announced on 8 August so SLR would have access to production figures for July. And if the mill had not performed to capacity in the month of July, would SLR have gone forward? I doubt it. So I presume we processed 100,000 tons or better. Gold production however, is totally dependent on the ore grade. Were they able to maintain around 2.5 grams?
Sometime soon, if not already, mining at Maxwells should be into the high grade at depth, +4 g/t as reported in reserves.
Thoughts and presumptions only.
IGR Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held