Question-and-Answer Session
Operator
Okay. (Operator Instructions). And your first question comes from the line of John Bridges.
John Bridges
Hi Dennis and everybody.
Dennis Wheeler
John.
John Bridges
Hi. I missed you at mine last week.
Dennis Wheeler
While I was down there a couple of weeks before John but we are glad that you got an opportunity to come down to Boiliva and I look forward to maybe seeing each other on site in the future.
John Bridges
I would so hope one day to make it there. But many thanks to your team on-site they did an admirable job of at least trying to get us there. Just on Rochester, the 1.9 million ounces you are planning for the year, that’s assuming that you don't sell the property. But you are thinking about selling it. Is that still the case?
Mitchell Krebs
John, this is Mitch Krebs here. Hi yeah, that’s exactly right. The 1.9 million ounces is a forecast for the full year, assuming we own it for all of 2008. We are currently in the evaluation stage of the sale process that we have been running. And as Richard pointed out, we've had a real strong first quarter there with about $12.5 million of free cash generated from Rochester, but you're spot on there was the 1.9 million ounce assumption for '08.
John Bridges
Are you in negotiations to sell it, or where are you with that?
Mitchell Krebs
Yeah John, we haven't made any decisions yet. We have received some initial proposals, and that's where we stand right now.
John Bridges
Okay. Cerro bayo you did about 400,000 ounces in the first quarter. You are looking to 2.1 for the year. In the balance of the year are you looking for more tons, more grades? Both? Where do you see that going?
Richard Weston
Yeah, it's Richard Weston, John. We'll be looking at maintaining or increasing our grade throughout the end of 2008 and also looking at increasing tons wherever possible.
John Bridges
So the bulk of the extra production is probably come from more tons by the sound of it.
Richard Weston
More tons and grade.
John Bridges
Okay. And then on the Kensington situation, I know you can't answer the question, but if you can give us little bit more color. What exactly does support of the environmental grade mean, does it mean that they've agreed to stand back? Are there others who might still be uncomfortable with this new plan? How much comfort should we have that this thing is going to go ahead by the end of the year?
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