I am not sure they are being honest.
They have persistently used the currency as an excuse for the 20% blowout in cash costs but the currency has remained reasonably stable with only a 7% variance move during the year and it is ending the year where it began.
According to all the cap raising propaganda this mine is supposed to have a cash cost of $1.25........they have never achieved this and are consistently 20% over budget......now 30% over it....so hardly can be referred to a "short term blip"
Also the current blowout of cost has occurred when the currency is at it's equal favorable level for 2017.
All these cost blowouts are whilst they are producing gold ahead of forecast......
Market is weary and from what I can see for good reasons.
