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: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Maybe, Paul, just starting off back to Olympias. It sounds as though you're getting that development rate up. And you've guided that November
was going to be good, and then down again for December. Are you indicating to us that Q4, we're expecting a similar quarter operationally to Q3
for Olympias?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: When do you think, Paul, that the development rate is going to be at the level that we need still poised to feed the mill? Is that towards the end of
2020 or mid next year? Just to get a sense of when do we think we'll be at steady state?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. Great. That's very helpful on that one. And maybe just continuing on the technical side. Just wanted to come back to Kisladag. Just I remember
from our -- when we were at Lamaque, at the mine tour, we talked a little bit about just capital allocation and we talked about Kisladag in terms
of being a priority for that, and depending on what the recoveries come out, you were looking at potentially HPGR. Has anything changed right
now in terms of your view of whether you need an HPGR?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. Okay. And then we also talked, I think, George, when we were at the mine site about the waste stripping that is required at Kisladag. And I
remember a number of between $50 million and $100 million or $150 million thereabout for pre -- like the waste stripping and pre-strip, is that
still something that is valid?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. But I mean, the pre-strip is something that is quite substantial in terms of capital outlay that would have to be done?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And just looking at the Lamaque. If you were to make that decision to go ahead, and pending on the -- what you decide to do, most of the
spend would start in 2020 -- end of 2021 into 2022?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. So it'd be spread over like about 3 or 4 years or so?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. That's helpful. And then just maybe, George, just lastly on your conversation with the Greek government. You've talked about some of the
technical stuff that's been going on. With the 2 meetings you had with the Prime Minister and your other meetings that you had. Where are we on
the foreign direct investor protection? We've talked about the permits that you're looking to grab, but what about some of the other things that
you're looking at to get security to start investing in country?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Yes, I guess, more than anything, I just wanted to understand whether you've actually gotten to discussing the foreign direct investor protections?
Or has it been mainly focused on getting the permits?
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