Tuesday, May 4, 2010

Operations focused

1) ``The mill can now expect the commencement of regular weekly gold pours going forward``

I`m sure Century will never do it, but, in my view, they need to publish (on a weekly basis) approximately how many gold ounces are poured each week - for at least the next few weeks.


2) ``The Company is also now preparing to commence a 150,000 foot (45,000+ meter) exploration and definition drill program in May 2010 at Lamaque``

Assuming they are ready (and it doesn`t get in the way of finalizing the YE financials), Century should launch the Lamaque exploration program as soon as possible. It doesn`t matter if it doesn`t boast share price right now. Time is precious. Getting drill data back asap should help in stope development for near-term mining, as well as improve the mid-tier and long-term mine plan expansions. The assay lab is ready. Let`s get the drill program going (if the program is ready of course).


3) ``The Company is also pleased to report that the first jumbo from the fleet of low profile underground mine equipment has arrived on schedule at the Lamaque operation and is being readied for underground deployment this week.``

This is also vital information to share with the market on a weekly basis over the new few weeks, or until more of the equipment has been deployed. This is a key part of the strategy to successfully mine the flats.


4) As mentioned several times already, in my view better (more specific) info needs to be shared with the market with regards to timing of Bedard dyke mining start up and what type of tonnage contribution is expected in the near-term from the Bedard dyke. The Bedard dyke is a key component of the ramp up strategy.

1 comment:

rick said...

ok its look like good news here but its not the same way wen you working at the mine ,all the staff and the boss running like crazy dog who trying to catch there tail they turn arround all the time they do bad mistake ,they fires good miners for nothing , how do you thing century going to hired new good miners if they fired all .miners talk about century but they really dont wont to go work there . century told us they going to have a better approach whit us but what we see its the same old century from the past , exemple at the portal the guys have a lunchroom in a old shcoolbus whit out water to wash there hand and no frig to keed lunch fresh but human ressource dont care about it , we are in 2010not in 1930