So why should bad news be spread over a single post, we looked at the 'improved' resources, so now let us look at the mine production figures
Pretium have done an excellent job with the mill upgrade
It has been consistently producing 5-10% above nameplate capacity, and they ramped up throughput to 3800 tpd on schedule.
Recovery is still excellent:
However, we see that mined grade is still way off the original Feasibility Study, approximately half that calculated by Tetratech.
Understandably, this has had a massive knock-on effect to the Au production.
We can see that it is way off, but why don't we plot on the latest reserve grades.
You can see now that the new reserve grades is very close to the actual mine grades. It will be interesting to see of they can keep at this level.
It will be interesting to see if Tetra Tech or Snowdon have any comments on why their 2013 and 2019 resource calculations were so different to mine production and latest resource estimates.