RE: Production figures6 Apr 2022 20:13
As they were pushing to increase the gold output at Kili to the 1000ozpm target towards the end of Q4 2021, I think they quickly realised they had bottlenecks in the plant/processing and no matter how hard they pushed, in its current state it wasn't going to cut it, hence the need for the upgrades.
Rather than make do they took the logical (and bold) decision to upgrade the whole plant. This might (will) cause production to drop off whilst the upgrades are put into place in Q1 and Q2 of 2022 but the end result will quickly become apparent and the extra output will quickly recover the loss during the upgrade period.
Personally I would say, don't expect amazing Q1 or Q2 results, as this will be a patchy period and we could have periods of no production (Caracal stated the plant may be down for a period of around 6 weeks whilst the upgrades are done), but the benefit in the long run will be well and truly worth it. Hopefully targeting 1500/2000oz pm.
The backend of 2022 we could be looking at some very healthy production figures as they tweak the plant to maximum throughput.
That's not to mention the heap leach and any other additions to the figures.
Lots of news to come so very happy holding for the mid/long term.