Outstanding.
i) FY24 guidance maintained - no change! You beauty..
ii) Gold price realised was only up 3% up quarter on quarter - $3171. So next quarter with gold hovering $3600 an ounce, cashflow should be turbocharged.
iii) Red lake production increased 26% and costs fell 15% - they're getting on top of Redlake.
iv) Slight slowdown in ounces produced due to wet weather (8,000 ounces) - was fearing much more.
Should be $4 today IMHO.
Above is not financial advice and my opinion only.
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- Ann: March 2024 Quarterly Report
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