No gold ...11 Aug 2024 12:07
Yanfolila, Mali: Q2-2024 operational summaryAvg. mined grade
Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024
Ore processed t 364,4592.72 339,333 312,0453.09 344,510 331,910
Avg. mill feed grade g/t 2.21 1.79 1.66 1.61 1.31
Kouroussa Mine
Q1-2024 Q2-2024
Ore processed t 182,505 234,706
Avg. mill feed grade g/t 1.08 1.17
I am not an expert but 1-4 g/t low grade mines....hence keep losing money....
The numbers are proving Corica is not part of the problem ....actually they are the only ones who know what they are pulling out of the ground....hence for asking the payment up to date.
Once the gold is produced ...,,selling 12,457 oz of gold was sold at an average realised price of US$2,075 per oz.'' most miners average on q2 was 2,300...who is buying this gold? Wagner group or Mali government (starting expelling ambassadors and cutting diplomatic relations with western countries).
Q3-2024 should read :
12.000 oz Yanfolila
8.000 oz Kouroussa
placing for 13.000.000 to cover the ongoing expenses ,and if the rainy season comes or Corica wants to be paid .....will be happy mining ...the only gold you have is the one you pay for these shares...