The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Don DeMarco - National Bank Financial - Analyst
: Thank you, operator, and good morning, Ewan and team. My first question has to do with Granite Creek so we continue to see oxide ore sales and
that's great. And that work at the South Pacific zone, that's very encouraging. And the read-through there course, has increased tonnage of the
refractory sulfide ore.
But just trying to quantify some of that a little bit on how do you expect the toll milling of the refractory ore to 10 trend over the next few quarters
and revenue so far remains somewhat modest. Is this a potential material source of liquidity? If you can get that SP zone up and running and some
and the toll milling the refractory at higher levels than currently? Thank you.
Question: Don DeMarco - National Bank Financial - Analyst
: Okay. Because I think I saw in Q2 from Granite Creek mines and $6 million in revenue from and we're looking at a potential, you know, on or to the
amount after they get some clarity or magnitude. Any comment on that would be helpful.
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Question: Don DeMarco - National Bank Financial - Analyst
: Okay.
Question: Don DeMarco - National Bank Financial - Analyst
: Okay. Thanks, Gili. Good luck with Granite Creek. Just shifting over to really help. It seems like there's been good progress on the JV, but can you
give maybe a little bit of color on the reason for the delays? And would you expect this finalizing this JV to be and each two item are 2025.
Question: Don DeMarco - National Bank Financial - Analyst
: Okay.
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Question: Don DeMarco - National Bank Financial - Analyst
: Okay, great. Thanks for that, Ewan. And then final question. So it's been two months since the AGM, when you announced that you'll be passing
on the CEO title to someone else. And can you just give us an update on this process or maybe additional color behind your decision or what the
potential timing of this might be, if that information is available at this point? Thank you.
Question: Justin Chan - SCP Resource Finance - Analyst
: Hi guys, thanks very much. Maybe if we could go back to the slide that showed on that showed the long section of the South Pacific zone. I was
wondering if you could maybe talk us through and where you're mining now? And I guess what the next what the rest of the year looks like in
terms of what's in the mine plan.
Question: Justin Chan - SCP Resource Finance - Analyst
: Got it. Thank you. And maybe just as a follow-up for I guess for Q3 and Q4, in terms of, um, what are you expecting in terms of ore volumes, maybe
others or sold? Or do you think you'll be kind of getting into areas where you'll be, I guess, for the sulfides, will you be reporting port ounces or will
it still be or sold to mode?
So I think this quarter was about 50-50 oxide sulfide.
Question: Justin Chan - SCP Resource Finance - Analyst
: But yes, so I guess maybe just zooming in on say for this quarter is about 10,000 tonnes, I guess, well, could you give us any steer on what you think
for Q3 and Q4.
Question: Justin Chan - SCP Resource Finance - Analyst
: Okay. Thank you. And I appreciate the color. And then maybe just one in terms of in terms of the plan to Ruby. I mean, is it fair to characterize that
you're? I mean, is it fair to characterize that now in most of the DD work is happening and it's just about negotiating final terms, are just trying to
get a sense of what you think the key milestones are for that agreement? Don't care what potential timing might be?
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Question: Justin Chan - SCP Resource Finance - Analyst
: Okay, thanks. Do you think I mean, high level? I know these things take employers aren't easy, but is I mean is it something that you think is likely
to be this year or maybe early next year? Just trying to get a sense and some timing on that?
Question: Justin Chan - SCP Resource Finance - Analyst
: Okay. Thanks. That's good to hear, and I appreciate, Ewan. I appreciate the color. Thanks a lot, guys. Thanks for your time.
Question: Spencer Lehman - - Analyst
: Good morning. You know, with the price of gold hitting new highs. It looks like a lot of M&A is heating up and you probably saw the Osisko Mining
buyout yesterday. I'm just wondering from your price getting so cheap that his view on you consider a possibility of a friendly or even unsolicited
takeover rather than the joint partner way.
Question: Spencer Lehman - - Analyst
: I know it's a difficult thing to discuss, but I was just curious, was there, you know, the joint partner of from the standpoint of the shareholders is a
joint partnership work as well as maybe just a straight a buyout or takeover based on the price of gold now. So but you answered it well and thank
you for that.
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