Rambler Reports Fiscal 2016 Q4 and Yearend Production Results - Seite 2

CONCENTRATE
(Delivered to Warehouse)         Copper (%) 26.9   27 - 29   Gold (g/t) 13.8   6 - 8   Silver (g/t) 98.1   55 - 75             Dry Tonnes Produced 17,048   17,000 - 21,000   Copper Metal (tonnes) 4,580   4,500 - 6,000   Gold (ounces) 7,549   5,500 - 6,500   Silver (ounces) 53,830   42,000 - 57,000

HIGHLIGHTS OF YEAREND

• Rambler met or exceeded its 2016 fiscal year production guidance. Targets were achieved for tonnes milled, metal recovery and grades. Gold ounces exceeded guidance by 16 per cent, a record for gold in concentrate production, resulting from adjustments made to the flotation circuit in the first half of the year. During the second half of the year more focus was placed on increasing mill throughput. Once throughput is fully optimized the team will work towards re-establishing the higher gold recoveries.
• Copper grades of 2.12 per cent and gold grades of 1.40 grammes per tonne were in line with guidance. Total mill throughput for the year was 241,080 dry metric tonnes, a 12% increase over the 216,000 tonnes milled in fiscal 2015.
• Average recoveries to concentrate for the year were: copper 95.6 per cent, gold 68.7 per cent and silver 71.8 per cent with a concentrate grade of 26.9 per cent, 13.8 grammes per tonne and 98.1 grammes per tonne for copper, gold and silver respectively.
  

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