Ann: Operations Update and Production Guidance, page-7

Gold Production and Guidance
"Although the month started well, gold production for May was approximately 5,200 ounces compared to a forecast of 6,500 ounces. May’s production was lower than forecast due to a number of unplanned events including the loss of a mineralised pod in a high grade stope when a rockfall temporally buried a remote bogging unit, and some issues in the mill caused by wet and sticky high grade Tarcoola ore at the end of the month. This resulted in over 30 hours of unplanned mill downtime. Despite this disappointing end to the month, May ended with very high grade ore being mined from both Challenger and Tarcoola and processed which has delivered a strong start to June’s production."

Never-ending excuses about why guidance was not met. Even access to high-grade ore is not enough to meet guidance! Announcement is certainly not the warm fuzzy news that everyone seems to be expecting.