I think this is a good statement:
The company has now accessed the 007 ore zones from 26 Level in the Rice Lake mine which is providing a supplemental ore feed for the mill. We have cancelled or deferred non-critical capital expenditures and San Gold has taken over responsibility from the contractor for capital development in the 007 mine. 16 Level in Rice Lake remains a top development priority, with the mining contractor pushing the lateral development out to intersect the down-dip extensions of both the Hinge and 007 mines," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
This is a positive move for and by the company. They will be getting more ore from the 007 mine, which should bring the grade up, and they have cut down on development that would have kept the all in costs higher than they need to be.
This is a positive step and hopefully shows that the current BOD mean business.