I'd like to ask mining experts on this board:
"The Company also wishes to highlight that, in addition to the volumes produced during the three month period ended November 2010, it also increased its stockpile of gold for future process and heap leaching by 8,700 ounces. The combined amount of gold processed and stockpiled was 24,053 ounces. "
My understanding is that 8700oz is already produced gold, because for leaching one might need ore, is that correct?
Secondly, I can theorized that company stockpiling the gold ( 24000 oz !) in case of "rainy day" ? no pun intended. That stockpile represent a quarterly output of 100000 producer !!!
Correct me if I am wrong.
