cheer up cheer squad, page-30

I couldn't find any quarterly reports online, but i found this from huntleys:

AGC’s sole existing operation is at Wiluna in WA.
Production of 120,000oz is targeted in FY07. Ore comes
from three primary sources, Calais, Woodley and
Williamson. Cash costs of A$635/oz in 1Q07 were worse
than forecast due to lower grades. Costs should improve in
the next two quarters with higher grades from Saddle Cut
Back and Calais.
The average realised price from 1Q07 output of 25,822oz
was A$689/oz, well below spot of A$820/oz due to hedges.
Future prices should improve with deferral of forward sales
to allow 40% of sales at spot. Hedges total 112,000oz at
A$601 and are forecast to expire 3Q08.

The grades were much lower:
"Agincourt Resources Ltd have had recent exploration success at the Williamson mine under Lake Way with gold mineralization localized in monzogranite stocks, probably intruded along shears. The Williamson deposit currently has reserves of 4.5 Mt at 2.35 g/t gold (339,000 oz)."

I used to be an AGC shareholder.

I don't have any information that states the recovery or the grades or tonnage are lacking. I heard that the circuit stocks were high, thus going on their gold produced definition, the exhaustion of circuit stocks is contributing to gold produced. so when they are exhausted, the gold produced will obviously go down.