Jul. 8 at 11:05 AM
$SVRSF we are now past the first half of this year, the company should have been producing by june. so far, they only did a pour of oxide doré from existing stockpiles. they are not drilling yet. or rather, they are not mining and processing the sulphides, which is 90% of the mine's ore.
not sure whether in june, or this month, they have to start paying off that Samsung loan. so they are burning cash now in opex and on paper. in the doré pour news, the last sentence is important "Commissioning of the 1,250 tonnes per day sulphide processing circuit is expected to commence in June 2026 with an estimated ramp-up period of one month.". So technically it seems they are on track and on time though no tangible info just yet, besides that "is expected to commence in june". Likely we will know only after the ramp-up period is over and by then it should be official that the mine has been successfully restarted. in other words, we have to wait one more month for the news.