AQG 0.00% $9.40 alacer gold corp.

Ann: Announces Q3 2017 Operating and Financial Results, page-2

  1. 4,299 Posts.
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    A miss on quarterly production I think (my guess is market was expecting 45-50koz) but they are still maintaining they will hit lower end for full year. Will need 57koz in Dec. Q. Given they had 18.7 koz in month of September seems doable, but it will be tight.

    A few little warning phrases about variability in recovery and grade reconciliation in relation to oxide ore. Not sure how big of an issue this is, particularly since the sulfide project is the main game and they've got plenty of ore stockpiled there.

    Looks more and more likely that sulfide project will come in under budget and there was some good reduction in capex too, although mostly deferred into 2018.

    Good buying opportunity if it goes below $2 on this.
 
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