The bad news here is not that they are missing production for the 6 months , nor is it that they are over costs of 1100 for the six months , it is that they will be reducing their production levels which means sustaining current market cap will be hard. To be reducing production to reduce costs from now means margins are lowish and thus any reduction in production is not going to come with huge all in cost reductions.
Very likely going into the 50s over the next couple of days
As for the timing of the Ann they must at have been hoping to scrape into 105k. Like others I agree that based on last quarterly's production it is sure song they weren't running closer to 115 as opposed to 105k for the half
The question now is how much will prod be lowered and at what all in costs
Ann: Edikan Gold Mine Update , page-13
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