Re: Record Production in Q1 2012
in response to
by
posted on
Apr 11, 2012 08:33AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
"Grade was 5.35 grams per tonne, which is similar to the previous quarter and slightly below our full year budgeted grade of 6.58 grams per tonne."
Slightly below? That's ~20% below budgeted grade. That means you will need to be 1.23 g/t above your budgeted grade on a similar tonnage to meet guidance. That's 153,000 tons at 7.81 g/t to make up for the shortfall or less if you average it out over the next 3 quarters. Maybe time to crack open one of those jewelry boxes.