@skotlarocNo, it was not known to the market previously.
I would not worry to much about it given:
- "The latest Mineral Resources and Ore Reserves estimate at Red Lake
does not result in any change in the carrying value of the asset." [see bottom of page 2 of today's announcement); and
- The drop in Ore Reserves for Red Lake will mean a much higher amortisation charge for each ounce produced, which is a non-cash expense going through the income statement.
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.
(20min delay)