Production for the first two quarters totalled 3,769,396 g of gold at a second quarter cash cost of $6.04/g
June 30, 2005
The mine produced lower tonnage (55,135 oz) and feed grade, at a total cash cost 21% higher ($5.50/g).
March 31, 2005
Reconnaissance drilling is underway to define additional upside on the Fortuna and Atila veins. Gold production decreased as anticipated by 16% due to an 8% decrease in ore treated and a 9% lower feed grade quarter-on-quarter, after a period of particularly high grades during the second half of 2004. Total cash costs were 8% higher quarter-on-quarter at $141/oz, mainly owing to lower gold and silver production, although lower labour and mine equipment rental costs partially offset the effect of the decreased production.
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