Pleasingly production at Cracow improved during the 4th qtr....

Pleasingly production at Cracow improved during the 4th qtr. Cracow produced 20237,18011,15548 and then 19889 in this final qtr for a total of 73685 ozs of gold for the year. I'm not sure if the there was any impediments with flooding that saturated a large part of southern Qld late in the qtr.

Anyway as m'nut says working out AISC, which is done on gold sales, not gold produced is problematic. Nevertheless here's a go.
For the first three qtrs Cracow produced 53796 ozs and sold 54782 ozs. It would be safe to assume that in the long term ozs produced = ozs sold. So if we take 12months as long term, in the 4q we produced 19889 but sold 18093. On these figures the AISC for this qtr comes in at A$1269/oz. If they sold all 19889 ozs that bring the AISC down to $1206, by my calculations. Either ways I'm assuming the AISC to be less than $1300. If that is the case with increasing production and the corresponding drop in AISC, Cracow may have more to offer in the short/medium term.

Of course, with the Delta variant spreading worldwide, a correction, or at least prelude to a correction could cause all stocks to take a bit of a hit so for this reason I temporarily drop my sentiment to hold in the short term.

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