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Post# of 63744
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Congo Mining

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Congo Mining

Re: StockItOut post# 58861

Thursday, 01/19/2017 2:01:16 AM

Thursday, January 19, 2017 2:01:16 AM

Post# of 63744
Steady state target production for Namoya is 9k per month. At Twangiza Based on previous quarters it was producing 10k+ oz per month.

Twangiza was so-posed to rebound this Q.
Namoya was soposed to trend higher based on the stacking rates that were given in Q3

It's really about the total cost of sales. The impact of the streaming in combo with the lower POG and the lower production.
Add in the need for the new crushing equipment.

They can't operate efficiently at break even cash flow. This Q's production in combo with the totality of circumstances....



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