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KansasCrude

07/05/15 5:23 PM

#1914 RE: 8thaero #1910

Looks like things are hoping at La Herradura now... They just raised reserves by 96% at the end of the year. Wonder if Newmont got hosed on that since they sold mid year 2014. They have two major projects the Mega Centauro which is a major increase in pit size and Centaruo Deep. Going underground at the bottom of the pit to mine the veins. The 96% increase in the reserves to 5.3 million GOLD oz is the result of the drilling. With whats been produced since 1998 means the resource is at least 11 Million gold oz. Those two projects are expected to hit 505K oz per year starting in 2018/209. Sounds stellar

NocheBuena has now produced 237K gold oz and is still forecasted for 180K annually starting in 2017. Reserves at 1.1 Million oz. Looks like 2 million oz are pretty much in sight.

So does Rancho split the diff at 5-7 million oz....we can only dream right. Oh BTW Production costs at Noche dropped to 1051 all sustaining in 2014. Seem to remember that was from over $1200

http://www.fresnilloplc.com/investors/reports-and-presentations/

The BAML Global Metals and Mining presentation had the most info on the production numbers and forecasts...the appendix from same had good support data