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Production are described in the Mine Plan. The Tres Amigos mine, and in doing so projects the increase in mining tonnage to 300 tons per day. Beginning in Fall 2019, the Company expects to gain access to Operations in Fall 2015 the Company has invested $3,649,979 in mining development and expansion costs in order to openĪccess to additional mining areas and to increase mining tonnage.
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Three ball mills fully functional, which should increase the mill processing capacity to 300 tons a day. Beginning in Fall, 2019 we plan to operate the mill facility with The Total amount expended for the millĮxpansion and improvements to Mais $1,312,391. Plans is the addition and installation of a third ball mill (8’ x 4’). The main component of the Mill improvement / expansion Mill processing capacity from 100 tons per day to 300 tons per day. Milling operations in Fall 2015, we have undertaken an Improvement and Operations Expansion Plan in order to increase the Improvements / Developments / Non-Operating Costs.) – Improvements and Developments (Non-Operating Costs) (See Attachment 4 for the description of the $2,326,792 were non-operating expenses not related to mine expansion. Of the $8,401,106 amount, $2,439,335 of these expenses were capitalized, and $3,634,979 wereĮxpensed under GAAP, due to the lack of proven reserves as described in the Mineral Resource Estimate for SJG (Item 14. Response, the Comparison spreadsheet describes actual mining and production tonnage and gold oz produced from 2015 – 2018,Ģ019, the Company has expended $8,401,106 in improvements / expansion / and non-operating costs related to DynaResource The Comparison of actual results to the Mine Plan is attached as Attachment 3. Production Comparison spreadsheet in order to analyze the results of its realized mining and production operations versus the Mine Projection for the next 6 months to include the opening of the Tres Amigos Mines, and to project the start of production from the The Company is providing a short-term revenue : Total mining tonnage per current Mine Plan ĭevelopment Cost and Production Cost - San Pablo Mine ĭevelopment Cost and Production Cost - Tres Amigos Mines
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Pages 3-6: Mining tonnage for each selected mine : Mining tonnage according to selected mines In response to oral comments made during our phone conference on Jwe would like to specifically point to theįollowing details contained in the Mine Plan: A copy of the Mine Plan is attached as Attachmentġ. Selected mining areas of SJG and covers approximately 250,000 mined tons through 2023. Resource Estimate for SJG which is included as Item 14 of the NI 43-101 Technical Report for SJG. The Company has a formal mine plan designedįrom the Block Model of Indicated and Inferred Resources at San Jose de Gracia (“SJG”) as described in the Mineral I) how you conduct your mining operation, II) how you make your capital investment decision. If you do not have a current mine plan, please tell us, in detail, Please confirm whether or not you have a formal mine plan, including the period in which you reference a formal mine plan. We note you reference a mine plane throughout the document including Notes to Consolidated Financial Statements On the above captured filing on May 22, 2019.įorm 10K for the Fiscal Year Ended December