Just a gold mining company doing exactly what it should be doing... generating free cashflow and ploughing it straight back into the companies assets. Both open pit and U/G performing as per the mine plan. The next few quarters should see more bullion sold than produced too, which should further asset with AISC numbers.
Interesting little section here... implies that U/G for M5 south is a certainty, and... potentially will increase production in 2025, so more ounces means lower costs overall, just when Kiaka starts to kick in, and... potentially (my speculation), further push back the need for Toega.
No cost inflation being seen for Kiaka is a bonus. Cash position slightly lower, but of course, that is because they spent $44m on Kiaka.
Would love to know how much of an improvement?
The only thing that I would like to be sure about is Toega's mining license being approved. I don't think WAF has had any issues, but... just stood out in what is basically a perfect quarterly.
Well done to the WAF team. The benefits of a great mining company are multiplied for a country like BF.
(20min delay)