"Or something to do with the weather?"
@JueLaiChi
"Tracking rainfall around select Australian gold assets highlights other assets are likely impacted to varying degrees, where we adjust our quarterly production for rain at Jundee and Carosue Dam/Kal (NST), along with Mt. Rawdon and Mungari (EVN), though expect some other assets to be impacted to a lesser extent.
"We note that while the charts below also outline significant rainfall at Ernest Henry, we expect less of a disruptive impact at this asset after EVN’s rectification work following Ernest Henry’s last rainfall disruption."
Source: Extract from page 6 of Goldman Sachs research report dated 5 April 2024 on ComSec website (look under Recommendations/Goldman Sachs on the EVN stock code).
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
EVN Underlying Performance, page-28
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