There won't be many WGX and RMS comparisons on here for a while (and yes I own both).
Unless I'm mistaken the announcement today is quite diabolical. 3 weeks ago they advised production of 245,000 (bottom of range) and costs of $2,000 (top of range).
20 days later and we are looking at 225,000 at $2,200 (midrange). The rain only cost us 5,000 oz. What happened in these 20 days. Geez.
From March 14 - Paddy’s Flat underground this quarter has impacted FY24 production by circa 15,000 – 20,000 oz. The impact is now 27,000 oz.
As far as Great Fingall goes they have been trumpeting early production from there in virtually every announcement. Now it's off until 2025.
They also trumpeted numerous options for reclaiming lost production ie Bluebird increased production, Starlight flying, Fender restarting.
Doesn't read well.
WGX Price at posting:
$2.36 Sentiment: Buy Disclosure: Held
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