It's a great start to WBs reset.
Hopefully the quarterly better quantifies how much of an impact it had on actual ounces being produced, as it, did it force them to rely on low grade stockpiles for 1-2 weeks? If so, that could have seen them producer another 1-2k ounces?
This is perhaps the most important part of the update.
WB is implying the June Q will see higher production, otherwise it would not be able to meet 'upper end of production guidance'. So logically, they will need to produce approx 61.5k for the June Q to beat 250k for FY2023. That will see them sell approx 32k at spot prices.
First half of FY2023 saw WGX average AISC of $2100, which implies the March and hopefully June Q see reducing AISC (obviously the March Q is going to be somewhat lower).
Might take a while for the market to digest the change that is really occurring at WGX, though the share price has risen significantly from the lows.
@legaleagle88 - WB is doing very well.
@Joelstar has gleaned from his conversations with the company that acquisitions are only able to occur once operations are profitable, which I suppose is now the case.... so from now on, anything is possible.
@jbad94 - what do you think WGX should have a tilt at?
I must admit, they are spoilt for choice due to their central location with the region, multiple plants and... lots of explorers drilling and finding gold (which I am slowly building a list of). I am already on the record as viewing GCY as the next logical acquisition, but... there could be others for WGX, but none that have a plant ready to be turned back on.
(20min delay)