Hmm I was under the impression Casposo was performing much better than what this reports suggests.
Not sure of the wisdom of winding back drilling at Casposo, just thinking they could be targeting more gold to offset the higher silver ore they are mining now. I suppose that is capital costs that may be hard to justify now but should have been considered earlier.
Will be interesting to see what they decide with the review, I suppose in will come down to if it is possible to cut costs enough to operate the mine profitably.
While it is good to see Karouni getting close to production we will need to see some exploration success to extend the mine life. We know there is resources in the smarts underground but with the current POG it may not be worth much for now.
TRY Price at posting:
28.2¢ Sentiment: Buy Disclosure: Held