Q2 PRODUCTION 59,400 OUNCES
***MY PREDICTION (assumption).****
TWANGIZA
Previous production + 15%
= 36,000 + 36,000*(0.15) = 41,400
NAMOYA
MONTH 1 = 5,000
MONTH 2 = 6,000
MONTH 3 = 7,000
18,000
TWANGIZA & NAMOYA
TOTAL = 59,400
*****sails revenue resulting from production at Namoya will be capitalized as a deduction of construction expense and will not factor into earnings.
Namyoa is still considered "Mine Under Construction" ******