in my experience of investing in bonanza grade narrow vein gold mines, GeoFiji, every single bonanza grade gold mine had silver byproduct credit...some miners like the one operating sleeping giant in Quebec don't break out silver grade or credit from the gold credit in their filings about gold dore bar production, or more correctly said, silver credit in electrum dore bar production, even though the electrum dore produced by mill is 60% silver and 40% gold. Kau already know about how much silver is in tails from the recently running 3500t of maldon waste through mill....not breaking out individual byproduct credit is bad for shareholders because it suggest to me that smelter is not paying for the metal which is all too common in this business. For example for years horne smelter in Quebec did not pay for the gold or antimony in Galena mine copper silver con and in fact charged Galena a hefty penalty for all that pesky antimony contaminating the copper con so smelter got free antimony from Galena mine shareholders to use in their custom lead alloys!
Add to My Watchlist
What is My Watchlist?