Atna plans to mine previously developed ore
zones at Pinson with minimal investment requirements, and to make regular ore sales as tonnages are produced.
The works to be completed will increase the developed ore
inventory to 50,000 tonnes by the end of the year, compared with 15,000 tonnes at the end of June 2005, and will maintain an appropriate level of production.
Concentrate on ore mining from accessible, already developed ore
Jerritt Canyon's technical staff has focused recently on optimizing mine design to decrease required development footage while maximizing incremental additions to developed ore
The work to be completed will allow an increase in the developed ore
inventory to 50,000 tonnes by the end of the year, compared with 25,000 tonnes currently, and will support the maintenance of an adequate rate of production.
Gold production during the fourth quarter 2012 was negatively impacted by lower gold recovery at the Company's processing plants primarily due to the occurrence of different mineralogy in some of the newly developed ore
areas and to a lesser extent by reduced tonnes mined during the fourth quarter due primarily to shortages of miners as previously reported.
Through 2004 we made significant progress in preparing more mining areas and we now have an ever-increasing inventory of developed ore
Top cutting activity is ongoing in the two developed ore
stopes and plans are being made to commence the first underhand stope.
During the second quarter, High River and Kinross Gold Corporation (the mine operator) announced that they had suspended underground development at the mine and that the mine would continue to produce until approximately the end of the third quarter using the developed ore
The net results reflect the completion of a downscaling of the Joutel division, which lost $923,000 due to a lack of developed ore
, resulting in a temporary decline in production.
It has sometimes been difficult during this period to keep developed and defined ore ahead of us ready for extraction, but we are now in a position to establish and maintain an inventory of developed ore
The mine will continue to produce until approximately the end of the third quarter using the developed ore