The project is based on an outcropping deposit, with a low life-of-mine stripping ratio
Company cut costs by 12% despite rise in stripping ratio
1 years is envisaged at a stripping ratio
of 3:1 for the output of almost 61,800 oz in the first year.
Work is being completed on identifying areas of high quality coal that can be accessed by a low stripping ratio
and could be mined and processed using the existing Dillon Mine plant facilities.
La India is an open-pit, heap leach mine, with a stripping ratio
of approximately 1:1.
7 g/t for 90,000oz of potentially recoverable gold with a stripping ratio
Seasonal upturn was already reflected in operational report of the company for 4Q, however KTK proved to be able to contain cost growth in weak market environment thanks to ability to decrease stripping ratio
(continued to decline in 1Q).
With the stripping ratio
at Wolverine reaching a high water mark of 19 in the second quarter against the life-of-mine ratio of 10, I am confident that we will get through the waste rock to lower the stripping ratio
, get at the coal that is there and lower our costs in the second half of this fiscal year.
This will reduce the cumulative stripping ratio
and create important mining cost savings.
Financial performance of the company in 3Q supports our view on higher results after company will end optimization of pits and stripping ratio
will decline in mid-term.
The estimated waste to ore stripping ratio
is approximately 2:1.
As we had expected, KTK's average stripping ratio
decreased 15% QoQ from 8.