I'm really surprised that there has been little comments on this great result.
They made $98 mil in the first year of ramp up. The AISC was higher than budgeted for LOM, but then it is startup. They produced half the yearly ounces, which means that if the ounces are doubled, the profit would have been $200m. Not too shabby, as there is room for considerable growth on margin and reserves as this year progresses. We should see a profit of between 200-300 this year, which is 3 - 3.5 times earnings.
Ann: 2020 Annual Report, page-5
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