On the topic of expectations for 2012 at all mines I'll defer to Carib's recent succinct post:

"I’m not expecting anywhere near 14,000 oz of production from Lamaque in Q1 2012. According to their Feb. 21 news release, production jumped from 500 tpd to 1600 tpd in mid February. That means that production for the first half of Q1 was probably in the range of 500 tpd from the flats with a grade close to 2 g/tonne. The second half of the quarter should average at least 1600 tpd, and with a large contribution from the North Wall with its higher grades, the average grade should increase to 3 g/tonne. These are my projections for gold production this year based on the information provided by WTG to the nearest 1,000 ounces:

As we get into the second half of 2012, we should be a 100,000 oz/year producer, but even at 60,000 oz/yr we are currently grossly undervalued.

If we produce 32,000 oz in Q3 then there is a very good chance that the warrants that were recently extended could be in the money by the November expiry date, and I think this is what the company and the warrant holders are counting on."