Re: Record Production in Q1 2012 - grade below budget
in response to
by
posted on
Apr 11, 2012 11:00AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I'm hoping the grade will improve once most of the heavy development is finished. Management should explain why the grade is below historical and budgeted targets.
"The company completed 1,946 metres of lateral development and 275 metres of vertical development during the quarter. Underground mine operations remain focused on developing an extensive mining complex that will facilitate access to the down dip extensions of the L10 and 007 from the Rice Lake shaft infrastructure on 16 and 26 levels"
Between now and the AGM the only news we're going to get will be from exploration program or perhaps they drift / develope into a new high grade zone. The 43-101 may or may not be welcome news.
As a note, I hate the "typical" comparisons to last years same quarters, if George thinks they make SGR look good, he's not impressing this fractional owner.