Na also - die ersten Zahlen sind da .... der Markt honoriert mit neuem ATH
![smilie_blume [smilie_blume]](https://goldseiten-forum.com/wcf/images/smilies/smilie_blume1.gif)
Zusammengefasst:

Strong quarterly production of 47,178 ounces gold equivalent (“AuEq”)(1) or 44,129 oz gold, 1,940,781 lbs copper and 47,427 oz silver (Figure 1). Quarterly sales of 41,344 oz gold, 1,726,051 lbs copper and 44,317 oz silver.
Record annual production at the upper end of guidance, totaling 174,134 oz AuEq (or 176,995 oz AuEq using 2025 guidance commodity prices of $2,375/oz gold, $28/oz silver and $4.25/lb copper), comprising 164,484 oz gold, 5,942,203 lbs copper and 159,309 oz silver, representing a 16% increase from 2024. Annual production was within the Company’s 2025 guidance range of 160,000 to 185,000 oz AuEq. Record annual sales of 161,100 oz gold, 5,550,751 lbs copper and 154,559 oz silver were also achieved.
Record quarterly ore processed of 186,198 tonnes (Figure 2), a 93% increase from Q4 2024, with a head grade of 8.0 grams per tonne (“g/t”) AuEq, or 7.4 g/t gold, 0.5% copper and 10 g/t silver, with a moderate positive gold and copper grade reconciliation versus the latest independent mineral resource estimate (September 12, 2023 effective date for Kora and Judd).
Strong metallurgical recoveries in Q4 of 94.3% for gold and 93.9% for copper (Figure 3), exceeding the updated definitive feasibility study (“Updated DFS”) recovery parameters for gold (92.6%) and performing in line for copper (94.2%) (January 1, 2024 effective date). The new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant has performed well, commissioning was completed in December and, as at the end of October, all material was processed exclusively through the new plant.
Record quarterly total material mined (ore plus waste) of 404,205 tonnes, benefitting from the commissioning of the first material pass in Q3 2025, combined with the commencement of surface trucks operating in the Twin Incline in late Q3 2025. Record total mine development of 2,787 metres (a 12% increase from Q3 2025), which included a new monthly development record of 1,027 metres achieved in October 2025, supported by the completion of a number of infrastructure and operational improvement initiatives. The operation continues to balance lateral development priorities with the completion of key underground projects, including prioritizing less efficient, lower equivalent lateral advance jumbo activities, such as the completion of the Puma Ventilation Drive and the underground pastefill excavations. Importantly, a number of these projects are approaching completion in Q1 2026 (as outlined below) which, once delivered, will increase jumbo availability for operational mine development.
Record quarterly ore mined of 157,882 tonnes, with mining activity across 15 levels, including the 1010, 1090, 1110, 1225, 1305, 1325, 1345, 1365, 1385 and 1405 levels at Kora, the 1185, 1345, 1365, 1385 and 1405 levels at Judd – long hole open stoping performed to design.
Commissioning and Performance Testing of the new 1.2 million tonnes-per-annum Stage 3 Expansion Process Plant was completed in December, with the plant handed over from the projects team to the operations team in December. Daily throughput records of 3,822 tonnes and 3,794 tonnes were achieved on December 14th and 13th, respectively. As at December 31, 2025, 95% of Stage 3 Expansion growth capital has either been spent or committed and remains on budget.
Licht und Schatten in den Zahlen, Brutale Steigerung der processed Mengen, bei niedrigeren Grades und etwas geringerer Recovery ABER mehr Copper und mehr Silver
Meiner Einschätzung nach extrem solide aufgestellt, bin extrem gespannt auf die Zahlen und ob der Trend, eine Reduzierung der AISC weiter umgesetzt werden kann !!!!