Ann: Tietto Produces 11,191oz Au in August & Updated H2 Guidance, page-37

The free cashflow and the earnings are likely to be vastly different. The forecast All in Sustaining cost of US$1100 still seems optimistic with the grade and stripping parameters. Grade just got diluted by 10% vs expectations. Whatever happened to the peak production in the first year?

I noticed they used long term AISC and AIC of US$1100 interchangeably at two different points in the release. The long term AIC could be $1400/oz+ here.

The processing plant throughput rates are one the saving grace. Will be interesting to see if they can keep that up in the future with harder material presumably. One of the side effects of higher throughput is the need for higher mined tonnes, and what grade they're mining to make up the difference to the original feasibility study.

If they can get some consistency/predictability in production the stock probably just became another high beta play on the gold price.