BGL 0.78% $1.27 bellevue gold limited

Ann: Successful completion of A$150M placement, page-16

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    First time the market has learned this from my understanding, I think market expectations lowered though on making that $1000-$1100 aisc before they announced the CR and the new guidance and more were expecting $1250-$1500ish, so still disappointments, but you can't expect too much when you have miners like WGX posting an aisc around $2000 Aud, I think that's the norm at the moment, it would have once been considered high but not anymore.

    So it should not be a complete surprise, costs are still going up, they have not stopped.
 
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