Gold Production in Mexico
Scheduled annual production in excess of 100,000 ounces of gold
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Message: AMEX Listing...

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AMEX Listing...

posted on Nov 01, 11 03:28PM
AMEX Listing and 43-101 by Friday
Talked to IR quickly today. They should start trading on the AMEX under the symbol TGD on friday (TMM taken). IR also expects the updated 43-101 to hit SEDAR by friday too - ~45 days after original 43-101 PR (1.2-1.3m P&P oz).

All assays for 2011 100,000m drilling campaign expected to be received by November, so they expect that the next PR for their subsequent 43-101 PR could be released near end of December with 43-101 listed on SEDAR 45 days after in February.

They won't hit guidance of 100k produced ("Gold Ounces Recoverable" per FQ1 Production PR - this was convienently left out of recent FQ2 production results PR) for calendar 2011 now, but this is priced in. We are back up to FQ1 production levels and ramping towards 18,000 tpd.

We may need 2 or 3 successive quarters of 25k+ Au oz produced ("Gold Ounces Recoverable") to get heap leach pads throughput constant so that we can sell 25k Au Oz ("Gold Ounces Sold" per FQ1 & FQ2 Production Results PR's) and therefore be recognizing revenue on 100k Au Oz/year. This will be a significant milestone.

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