My apologies, this almost went unnoticed; those are very good questions. Following the ramp-up of Pampalo’s production, the company has now stabilized the grade of the ore fed to the concentrator close to the gold grade of the mineral resources, i.e., at a level of approx. 2.2–2.3 g/t (2023–2025). Thus, on an annual basis, the growth in gold production has practically come from the volume of processed ore, which has increased from the level of about 213k tonnes to 267k tonnes last year. I understand that the company has now also stabilized underground mine production following the mining business acquisition, so that mine production no longer acts as a bottleneck for gold production. Therefore, further production growth relies on a higher capacity utilization rate at the concentrator. This has also been discussed in interviews, and my understanding is that the company intends to move to “continuous operation” at the concentrator toward the end of the year/during next year. In my current forecast, gold production will rise to the level of approx. 23,000 ounces next year, which is already significantly closer to the concentrator’s full potential. I can suggest that the company report the ore volume and feed grade at a quarterly level.
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