Continued from last week.Why I am confident in adding to my...

Continued from last week.

Why I am confident in adding to my stack as price keeps dropping.

To put last quarter into perspective...

Out of the gold producers I follow, ALK had the largest % increase in production QoQ.




And...
Largest drop in AISC QoQ





ALK didn't even start hitting Roswell's primary stopes until April 22nd (nearly a third of the way into the quarter but still beat previous quarterly production numbers by 60%)
ALK mined more high-grade dirt than milled (sunk costs). Stockpile build 25,438 tonne @ 3.42gt.






In Q4, their mill upgrade will result in a further 10% gold recovery, further driving up production and reducing costs.

ALK have a history of overachieving conservative guidance targets.
From my research ALK have hit or exceeded guidance 9 out of the previous 10 years.
2015 hit guidance
2016 hit guidance
2017 beat guidance
2018 hit guidance
2019 hit guidance
2020 hit guidance
2021 beat guidance
2022 beat guidance
2023 beat guidance
2024 missed guidance for the first time since TGO ramped up a decade ago.

I challenge anyone to find me a gold producer that has a better guidance hitting track record.

I've run out of time again.

In the next post I will attempt to explain why I think this guidance trend will likely continue.

to be cont...