I think they are referring to the guidance provided on the 27/8/19, in the release! I suspect the market already is well aware that they were expecting BB to be ready earlier. Gold production of 300 koz for CY 20 seems reasonable to me
From their notes it seems this CY they will process about 52 koz (300k @ 3g/t / 31 (for oz) @ 90% from BB, and get it up to 100koz next CY I presume. Maybe their Dec run rate might be 25 at BB if things go well???
Next year maybe we could have rough earnings at about 360m if gold stays at Au 2500, and AISC costs are at 1320, using 77.5 koz pq with AISC margin of 1180. I don't know if I am missing anything in using 77.5 koz pq, (310 koz FY) but I think that would be a conservative production number allowing for some surprises, as BB has had quite a bit of extra work done I believe compared with initial plans for start up.
WGX Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
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