A much more upbeat report and some real positives for long sufferring shareholders.
Apart from the known news of the finance restructuring and the big boost to cash flows that will flow from the gold price increase this was a definate surprise
"early importation of high grade (≈50g/t Au) refractory concentrate sourced from pyrite ore (low arsenic content) to blend with low gradepyrite concentrate (11g/t Au) produced from the Las Lagunas tailings.
The current project could be extended to approximatelyDecember 2020 with 50,000tpa of imported concentrate substituted for the same amount of existing feed from early next year, which would also add approximately 40,000oz Au production per year for up to four years"
So concentrate being imported from early next year. WOW either Brian's telling a big porky or discussion's with the DR have really moved ahead quickly in the last qtr.
And the China plant is starting to firm up as now more likely than not. Production before end of 2017.
Things are really starting to look up for PGI.
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