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Early Retirements? Looking for Investments?

Discussion in 'Introductions' started by kwekkwek, Nov 15, 2019.

  1. kwekkwek

    kwekkwek Registered

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    The Pine Cove Mill processing facility re-established itself as a cornerstone asset of the Company, after a challenging second quarter when unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. Anaconda took the opportunity to accelerate other planned maintenance programs to minimize future mill downtime and made significant investments in critical spares and upgrading key parts of the mill. As a result, the Pine Cove Mill is back to operating at historical levels, milling 114,373 tonnes during Q3 2019, an 18% improvement from Q2 2019. Mill availability of 97% was a significant improvement from 85.8% in Q2 2019, and back in-line with the availability achieved in the corresponding period of 2018.

    Average grade during the third quarter of 2019 was 1.49 g/t from ore feed primarily from the Pine Cove Pit, a slight decrease over Q3 2018 when a greater proportion of mill feed was from the higher-grade Stog'er Tight Mine. It however represents a 19% increase over the second quarter of 2019 when mill feed included lower-grade development ore from pushbacks at the Pine Cove Pit. The mill achieved an average recovery rate of 85.6% during Q3 2019, a significant increase from 74.7% in Q2 2019, resulting in quarterly gold production of 4,687 ounces for the third quarter of 2019.
     
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  3. xDraker

    xDraker Registered

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