After the quarterly (less than 3 weeks ago), which reduced production guidance by 4% and increased AISC by 3% (to revised guidance that most of us still thought was a stretch), we have today's confirmation.
Production guidance: 330koz to 360koz AISC: A$1,547 to A$1,695
A further drop of 8% in production volume guidance, and a further increase of 9.5% in AISC guidance (midpoints).
And, we will need a big quarter (100koz) in order to hit midpoint (Jun-20 and Jun-18 being the only time in the last 5 years SBM have exceeded 100koz in a quarter). One would hope that the revised guidance is reasonable (given that we are half-way through the Jun-21 quarter).
SBM Price at posting:
$2.05 Sentiment: Hold Disclosure: Held
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