Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from John Bridges – J.P. Morgan.
Ancorsure Augural - J.P. Morgan
Yes, this is Ancorsure Augural on behalf of John Bridges. Congratulations on the successful start at Palmarejo and for achieving steady state at Bartolomé.
On Palmarejo could you give us some guidance, or some sense, as to how you expect the production pipeline to look over the quarters?
Richard Weston
We will be building up to full production levels by July of this year.
Mitch Krebs
Then just to follow on to Richard’s comment, that ramp up between now and July will then lead on to the full year estimate of 5.3 million ounces of silver and 72,000 ounces of gold.
Ancorsure Augural - J.P. Morgan
Now that Bartolomé has achieved a steady state and Palmarejo is up and running, the focus should be on Kensington. Could you tell us a little bit about this latest complimentary briefing, the questions that the Supreme Court has asked, and what are you alternates?
Dennis Wheeler
The Supreme Court did request some limited additional briefing. Frankly, we don’t see this as any indication one way or the other after the legal team has reviewed this matter as far as the eventual decision. We’re hopeful that it will come soon, and we don’t make projections for the quarter.
Ancorsure Augural - J.P. Morgan
Okay so these are regular procedural things, in your opinion?
Dennis Wheeler
We don’t see anything unusual about the questions that have been asked at all.
Ancorsure Augural - J.P. Morgan
Okay, that is helpful and finally, just a bookkeeping question. Could you please give us the post tax amounts for the gain on the debt extinguishments and the loss in derivatives?
Dennis Wheeler
Could you ask the question again? I didn’t quite catch everything. Just outstanding balance apparently on the different [interposing].
Ancorsure Augural - J.P. Morgan
I am talking about the two items in the income statement the gain on debt extinguishments, and the loss on derivatives? We are just looking for the post tax amounts on that?
Dennis Wheeler
Post tax amounts, we can get back to you on that offline. When the Q is filed later today you will see an abundance of detail in there and note the 10-K that should be helpful, but I am happy to follow up with you to walk through those details.
Ancorsure Augural - J.P. Morgan
- To read the full transcript on Seeking Alpha, click here »
