Joseph Reagor: Okay. Fair enough. And then at Keno Hill, I’m having difficulty kind of getting to the guide on the production compared to the start-up of Q3. Is this suggesting that there’s some high-grade material that’s been stockpiled that’s well above Birmingham’s average or what’s the delta between — if I take, let’s say, 300 tons per day over the last 2 quarters at , I don’t get to your guide or even into a ballpark.
Phillips Baker: So Joe, we don’t have anything stockpiled, but yes, there is higher grade material that is going to be going through the mill first. And it’s just the way the mine plan is. It’s just where Is essentially. We’re hitting that first. And so you will see over time the rate decline. Lauren, anything to add?
Lauren Roberts: That’s the explanation, exactly that.
Joseph Reagor: Okay. And that 2.5 billion is — just to confirm, is silver, not silver equivalent, right?
Phillips Baker: Correct. Just silver. This is — is amazing with the grades that we have and the exploration is finding more of it. So we’re very, very excited with what we’ve got in hand. It is what we thought it would be.
Joseph Reagor: Okay. And then what’s like a normalized expectation for capital spend across the 4 mines once you’re done with some of these extra things you’re doing this year and with the Keno Hill ramp up?
Phillips Baker: Look, I would say order of magnitude, $150 million to $170 million would be sort of normalized. Hopefully, it would be closer to the $150 million, but we’ll certainly have things that we look at and say, “Geez, we can get a better return if we make that investment. So sort of that range. .
Operator: Your next question will come from the line of Jeff Brevik with .
Unidentified Analyst: So one of my questions about Keno Hill has already been answered, but I had one about Casa Berardi. So this year, you will have higher all-in sustaining costs? But what’s the plan? Because in your last technical report, you had — you plan to had a transition to open pit mining — only in open pit mining in 2017, how has that changed? , I mean.
Phillips Baker: Yes. I’m not sure of the year that we had in the plan, but whether it’s exactly that year or it’s a year before a year after, I don’t remember, but that is the plan unless we find more underground high-grade material. We are very encouraged by the exploration that we have, but it’s an ongoing process and it’s hard to get more than 3 or 4 or 5 years of underground reserves in front of us because you just don’t have the development available to be able to put the drill platforms in place. So it’s more of a just-in-time process with respect to the underground.
Unidentified Analyst: I understand. Then do you have any other initiatives because the most part of your all-in sustaining costs are the cash cost. And you said that you will try to find higher-grade materials so that you can increase the production in — well, not this year, but the coming years after that. Have — do you have any other initiatives to decrease operating costs?
Phillips Baker: The biggest initiative is getting to the pits, the higher-grade pits. So the Principal pit and the West Mine Crown Pillar pits are both significantly higher grade than the 160 pit. And so with that, will come more production. And you could see that in the technical report that increased grade that we’ll be buying from those pits. Lauren, anything to add?
Lauren Roberts: So I think that, that captures it, Phil. It’s a timing question. We’re mining the underground material now and the 160 pit, which are developed and ahead of us, we will transition into the 2 larger higher-grade pits as soon as they’re ready.
