GOR 2.70% $1.71 gold road resources limited

Ann: Gruyere Production Update, page-11

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    I agree. 3 days lost in the Sept qtr (28-30th) is 3.3% of production days lost in the quarter. So without this downtime, GOR would be at about 61koz for the quarter, or 244koz for the year (straight-line).

    Guidance for 21-22 looks to be 250-300koz, so already it looks like the production is well and truly on the low side. The lost production may reduce the production overall by 4-5koz I think, plus maybe some repair $. I think the production for the qtr was already pretty low, notwithstanding this setback.

    $240koz for the year (straight-line) would be the target if my assumptions and maths are close. This does not include any uplift in grade or production which hopefully comes about. I was hoping for a turn-around after the last qtr.....
 
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