Announcement doesn't refer to when the slip occurred so the 21 day drop in production might stretch into the next quarter if it happened over the weekend?
The Canaccord report from 30 Aug lists stock pile grade at 0.8 g/t, thus a daily reduction of some 60% from the usual +2.0 g/t pit-feed grade. So for 21 days this could see a reduction of circa 4,000 ounces.
They've stated production guidance will remain within the range 25-30koz which suggest the Sep Qtr was running toward the upper end of the range prior to the slip. Or perhaps the production loss might be spread over the September and Dec quarters? They usually do a pre-quarterly soon after Qtr finishes so hopefully an update in early October.
EMR Price at posting:
$3.84 Sentiment: None Disclosure: Not Held
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