Here are some amateur numbers from a gold newbie:
July production: 16,188 oz
At July rate, H1 will produce: 6 x 16,188 = 97,128
Company stated split between H1/H2 is 45%/55%, thus we get 118,172 for H2.
That gives FY production of 97,128 + 118,172 = 215,840 oz !
Current forecast from company is 150,000 - 170,000 oz
What am I missing or will the market address the valuation gap this week?
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