Yeh i'm kinda peeved production is not forecasted up for the coming year considering progress with Mungari and Cowal. Overall good result implying evn has been oversold since its $9.48 high. That said, I'm not seeing a clear excitement for the future. Looks like despite projects like Mungari pushing production up, there's lower production in Ernest Henry type lower grades giving overall no change - perhaps a reflection of ageing mines getting and resources gradually expiring. Doesn't look like enough mine-expanding drilling type activity to trigger increased future production. Perhaps implies evn must go shopping just to maintain its production levels. I'm not really excited about that.
Silver is well up and i had it that evn mined a little silver with its gold and used it to reduce its aisc calculation. if that is so and silver continues its rise then aisc may fall. I'd like that.
EVN Price at posting:
$7.63 Sentiment: Buy Disclosure: Held
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