PTM Maseve update: weer een (enigszins) gestegen productie, blijft wel magertjes allemaal: 2480 4E EQ, een ieniemienie outfit als MTO produceert al meer...... Echter geen woord over mogelijke staking.
Het algemene politiek-economische klimaat in ZA blijft echter extreem somber.
Wel een passage mbt fund raising, dus dat wordt weer een vrolijke emissie binnenkort...
S&J.
A summary of monthly production for calendar 2017 follows:
Month Dry Tonnes
Milled Average Grade
gms/tonne Recovery % 4E Ounces in
Concentrate
January, 2017 34,661 1.53 79.2 1,351
February, 2017(1) 36,848 1.59 80.3 1,651
March, 2017(1) 43,961 1.88 83.3 2,140
April, 2017 41,853 2.00 83.8 2,256
May, 2017 50,484 1.81 84.3 2,480
(1) Approximately 7,825 dry tonnes of ore mined in February 2017 were milled in March 2017 due to severe weather events. This table adjusts the results of milling these 7,825 dry tonnes from March 2017 back into February 2017 results.
Although the ounces for April and May show an increase, the overall performance on ounces produced is lower than targeted.
Outlook
The technical team at the Maseve Mine is focussed on improving performance. The Company highlights that additional working capital will be required to maintain its covenants with its lenders and to continue its operations. The Company is in discussions with its lenders for waivers of the minimum working capital provisions and is actively pursuing further funding. Financing methods in consideration by the Company include but are not limited to sale of assets, debt or equity. While the Company believes that further funding and waivers for debt conditions will be achieved, there is no assurance that such will be concluded on terms acceptable to the Company, or at all.