From the Q3/05 financials ...
"At La Coipa, production for silver was 1.9 million and 0.5 million ounces for the nine and three months ended September 30, 2005, respectively, and 2.6 million and 1.2 million ounces for the comparative prior-year periods."
The "1.9 million ounces" was for 9 months, not a full year, my bad ...
So your "3 million" ounces is closer to reality ... and a possible "6 million ounces" if SLW can get the whole thing ...
I'm not overly concerned at the loss there and the high cost as that may actually be deliberate ... as you are probably aware, in mining during the good times of high metal prices, the management will deliberately add lower grade ore into the mix at the same volume throughput ... this way, they can benefit from ore grades that are generally uneconomic to mine at lower metal prices ...
Yes, it hurts immediate earnings and the stock price by processing lower overall head grades, but it can greatly extend mine life and better maximize the overall return on the deposit ...
Good trading ...
jc