The market has spoken.
We have dropped about double in percentage terms compared to our peers.
The market obviously didn't like our quarterly as it doesn't compare to the previous one.
Yes we were within guidance on production but towards the lower end this time not the higher end as at last quarterly and our AISC was also within guidance but at the higher end of the range this quarter compared to last.
Not to mention the loss of production for 7 days at Edna May due to mechanical breakdowns to the plant.
See this from today's announcement.
Mill production as a result was lower for the Quarter with total material milled of 625,406 tonnes at 1.25g/t for 23,470
recovered ounces at a recovery of 93.5%. Gold production from the Edna May mill, whilst in line with forecasts, was
down on the December 2020 Quarter by 20% on the back of 7% less tonnes with the mill grade declining 13%. AISC
for the Quarter was A$1,597/oz
IMO the price of gold merely exacerbated an already decling share price.
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