RE: Almost $1 billion worth of Gold at current prices5 Jan 2026 11:18
MrPlus
Can you remind us of the full grades for the one and only "shipment" of 43tones?
Extract from 22nd May 05 RNS:
The pause in operations earlier this year (as announced on 18 February 2025) at the Bonanza Gold Mine on the Tesoro Gold Concession, following extreme weather conditions, has provided an opportunity for the Company to optimise the mine plan with a view to improving productivity and grades when mining resumes.
As part of this process, an engineering and geological contract has been awarded to Inveritas Global Holdings ("IGH"), a leading engineering and geological consultancy in Peru. IGH is well-established in the mining sector and specialises in providing comprehensive solutions and outsourcing of employees to mining projects across Peru and internationally.
The contract deliverables include an audit of work to date, a mine-based estimate of resources for the Bonanza and Morrocota mines, and a mine plan for restarting commercial production at Bonanza and initiating commercial production at Morrocota.
Subject to the near-term completion of these workstreams, the Company intends to engage a contract mining firm to optimise operational costs and maximise daily mining tonnages. Considering these steps, the Company is targeting the restarting of operations at Bonanza in July and commencing operations at Morrocota from August. A further announcement will be made once the contract has been awarded.
Now Jan 06, how time flies with gold bursting the ceiling.
The Orange Blob is thinking of boots on the ground, The Billion dollar club need to try keeping their feet on the ground.
Only Billion club here will be a Billion shares. My guess by the end of March.
Money in the bank already spoken for. BoDs end of year pay review must be due.
End of year figures will be interesting (2025).
Happy New Year All.
Nice wee kick to the SP to get some in a lather.