The thing with AISCs is they also fluctuate depending on how much material is process and how much gold is in that material.
We know RRL had 2 quarters where they were processing lower graded and had shut downs for maintenance, so that will obviously have a direct impact on AISCs.
Hopefully these numbers will go back to normal in the coming months.
The company is still bullish for the next 2 quarters
Duketon had an AISC of $1,728/oz Tropicana had an AISC of $1,002/oz
If Duketon performs as expected, I would anticipate production of 95,000 oz, (up from 74,829 this quarter) should get the AISC down around $1400/oz.
If this happens, I would hope we see an overall AISC down around the $1300/oz mark, so long as Tropicana continues to do its thing.
3 months isn't a long time to wait for the next report. If nothing goes wrong between now and then, hopefully we are back above $2.20 - which is a 25% increase.
RRL Price at posting:
$1.76 Sentiment: None Disclosure: Held
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